Ch 2 · Sale of Goods Act, 1930
5 concept points · 0 formulas · 4 exam-critical points.
📘 Core concepts
- 1Sale: transfer of property in goods for a price (Sec 4).
- 2Agreement to sell becomes a sale when conditions are fulfilled / time elapses.
- 3Conditions vs Warranties — condition is essential, breach allows repudiation; warranty allows damages only.
- 4Caveat emptor: buyer beware — exceptions like fitness for purpose, merchantable quality, sale by sample.
- 5Unpaid seller's rights: lien, stoppage in transit, resale, suit for price.