BUSINESS LAW

IIPM,KOLKATA
DIPTARTHA KASHYAP, KUSHALENDU TALUKDAR, PRATIM DAS, NIL RATAN SAHA, SHUCHISMITA MANDOL, VIVEKANANDA PAUL SEC- IIPM/ PGP TOPIC: SALES OF GOODS ACT FACULTY: SANTANU MOITRA

CONTENTS
Serial No. 1 2 3 4 5 6 7 Particulars Sale of Goods Act,1930 Contract Of Sale Essential Elements Of Contract Of Sale Doctrine Of Caveat Emptor Unpaid Seller, Characteristics Of An Unpaid Seller Rights Of An Unpaid Seller Bibliography 3 4 5 6 7,8 9 10 Page No.

SALE OF GOODS ACT-1930
The law relating to sale of goods is contained in the Sale of Goods Act, 1930.

CONTRACT OF SALE
According to the Act: Transfer the property to the seller Contract of sale between one part-owner and another

ESSENTIAL ELEMENTS OF CONTRACT OF SALE
Two parties  Transfer of property  Goods  Price  Includes both a ¶Sale· and an ¶Agreement to sale·


DOCTRINE OF µCAVEAT EMPTOR¶
The term ¶Caveat Emptor· means ¶let the buyer beware·.

EXCEPTIONS
For specific purpose  Merchantable quality  Goods are sold by sample or description Fraud

UNPAID SELLER
 

When the whole price not paid Where a bill of exchange has been received but dishonoured

CHARACTERISTICS OF AN UNPAID SELLER
He st sell g credit, d e He st e s c s ter s st e id. id eit er lly r t

?

?

rtly.

?

He st tendered.

t ref se t

ccept pay ent

en

RIGHTS OF UNPAID SELLER

RIGHTS OF AN UNPAID SELLER

Where the property in the goods has passed

Where the property in the goods has not passed

Lien

Stoppage in transit

Resale

Withholding delivery

To sue for price, damage and interests

BIBLIOGRAPHY


Business Law For Managers ² P.K. Goel

THANK YOU



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