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Section 4: Sale and agreement to sell.

The Sale of Goods Act, 1930Central Act · Act 3 of 1930

(1) A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another.

(2) A contract of sale may be absolute or conditional.

(3) Where under a contract of sale the property in the goods is transferred from the seller to the buyer, the contract is called a sale, but where the transfer of the property in the goods is to take place at a future time or subject to some condition thereafter to be fulfilled, the contract is called an agreement to sell.

(4) An agreement to, sell becomes a sale when the time elapses or the conditions are fulfilled subject to which the property in the goods is to be transferred.

Where this provision sits

ActThe Sale of Goods Act, 1930
Section4
Marginal noteSale and agreement to sell.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

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