Ch 2 · Sale of Goods Act, 1930

5 concept points · 0 formulas · 4 exam-critical points.

⭐ Important points (exam-critical)

• ⭐Goods: existing, future, contingent — perishing of specific goods voids contract (Sec 7-8).
• ⭐Doctrine of nemo dat quod non habet — no one gives what one has not (Sec 27); exceptions exist.
• ⭐Unpaid seller's lien lost when buyer obtains possession or seller waives.
• ⭐Implied condition of fitness applies when buyer makes known purpose & relies on seller's skill.