What Can Be The Subject Matter Of The Contract Of Sale As Per Section 6 Of Sale Of Goods Act?

What is the subject matter of contract of sale?

The subject-matter of the contract of Sale of Goods deals with the special property.

For the enforceability of such a contract, there must be a transfer of special property from the seller to the buyer.

For e.g., if A owns certain goods he has general property in the goods..

How many sections are there in Sale of Goods Act 1930?

ContentsSectionsParticulars21Specific goods to be put into a deliverable state22Specific goods in a deliverable state, when the seller has to do anything thereto in order to ascertain price23Sale of unascertained goods and appropriation77 more rows

What is termed as consideration in a contract of sale?

In every contract of sale, there should be an agreement between the buyer and the seller for transfer of ownership. … Price: The buyer must pay some price for goods. The term ‘price’ is ‘the money consideration for a sale of goods’. Accordingly, consideration in a contract of sale has necessarily to be in money.

What is the subject matter of the contract?

Subject Matter: The “subject matter” of a contract is the goods or services for which. the parties have bargained, one party providing the goods or services in exchange for something else.

What goods can be considered as the subject matter in the sale of goods contract?

8 (1) The goods that form the subject of a contract of sale may be either existing goods, owned or possessed by the seller, or goods to be manufactured or acquired by the seller after the making of the contract of sale, in this Act called “future goods”.

How do you classify the goods?

This process is known as product classification. Within the category of consumer products, there are four main classifications: convenience goods, shopping goods, specialty goods, and unsought goods.

What are the goods under consideration in Sale of Goods Act?

‘Goods’ is defined as per Section 2 (7) of the ‘Act’ as. “Every kind of movable property other than actionable claims and money; and includes stock and shares, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale.”

What are the characteristics of a contract of sale?

Six essential characteristics of a contract of sale of goodsTwo parties: The first essential is that there must be two distinct parties to a contract of sale, viz., a buyer and a seller, as a person cannot buy his own goods. … Transfer of property: … Goods: … ‘Money’ means current money: … Price: … Includes both a ‘sale’ and ‘an agreement to sell: … An agreement to sell: … Illustrations:More items…

What does the Sale of Goods Act apply to?

The Act applies to contracts where property in ‘goods’ are transferred or agreed to be transferred for a monetary consideration, in other words: where property (ownership) in personal chattels is sold.