Short Notes on Law of Contract-||

The Sales of Goods Act-1930 An Introduction

MERCANTILE LAWS

Mercantile laws are the laws that
govern and regulate commerce. These law deals with rights and
obligations of parties to Mercantile
agreement.

SCOPE OF MERCANTILE LAWS

Indian Mercantile Laws, covers various Acts such:
The IndiñContract i tçi82.
The Saieiof4oods Act,1930.
The Partnership Act,1932
The Companies 1956
Copyright Act,

The Sale of Goods Act,1930

Originally,the law relating to the sale of goods or movables was
contained in the chapter VII of the Indian Contract Act,1872.

The Indian embodied the rules relating developments relations foun Act inadequate regulations or
Contract simple and to the sale of of modern d the Indian to deal with give effect to
Act,1872 elementary goods. The business Contract the new the new
principles. Subsequently the provisions relating to the sale of goods
contained in the Indian Contract Act,1872 was repealed and re-enacted by
the Sale of Goods Act,1930.


Introduction
The Sale of Goods Act,1930 was laid down to define and amend the
law relating to the sale of goods or movables.The Act came into force on the
1st day of July,1930.It extends to the whole of India except Jammu and Kashmir.


This Act lays governing the The general applicable to goods unless the express Goods Act.
down special provisions contract of sale of goods. law of contract is also contracts for the sale of they are inconsistent with provisions of the Sale of

DEFINITIONS
• Section 2 of the Sale of Goods Act, 1930 defines the terms which have been frequently used in the Act, which are as follows —
• Buyer and Seller: ‘Buyer’ person who buys or agree goods [ Sub Section (1)J;
‘seller’ means a person who sells or agrees to sell goods [Sub Section (13)1.

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