NOTES


CA-Foundation > Business Laws > The Sale of Goods Act, 1930 - Formation of Contract of Sale (Old & New)

What are the implied conditions in a Contract of Sales:



Ans.

Sec. 14 to 17 of the Sale of Goods Act, contains conditions and warranties which, if not expressly stated in contractual agreement are treated as implied stipulations.

(a) Condition as to the title : It is implied that the seller has rights to sell.

(b) Sale by description : When the goods are sold on the basis of description, it is implied condition that goods must match the description. There should be no difference between the description and the actual goods.

(c) Sale by sample : When a sample is presented before sale and the goods are sold on the basis of sample, it is implied that the goods sold should correspond to the sample. The buyer should be given reasonable opportunity to compare the actual goods with the sample.


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Notes of The Sale of Goods Act, 1930 - Formation of Contract of Sale (Old & New)



  1. What are the implied conditions in a Contract of Sales:
    see in detail

  2. Define Buyer, Seller and Sale in the Contract of Sale of Goods Act.
    see in detail

  3. What is a ‘Price’ under the Sales of goods act, 1930?
    see in detail

  4. What are the various rules and modes of fixing the prices of goods, as provided under section 9 and section 10 of the Sale of Goods Act?
    see in detail

  5. State the distinction between Sale and an agreement to sell.
    see in detail


CA-Foundation - Business Laws:

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