ISBN: 978-93-94174-93-1

Sale of Goods Act 1930

¹Assistant Professor, School of Commerce, Vel Tech Rangarajan Dr Sagunthala Research & Development, Institute of Science and Technology, Avadi, India

²Associate Professor, Dept. of Commerce, Govt.Degree College, Nagari, India

The sale of goods act is a key piece of legislation in Indian commercial law that governs the contracts relating to the sale and purchase of goods. Before the enactment the law governing such transactions was embedded within the Indian contract act 1872. Understanding the needs of a distinct detailed framework for the trade of goods, the sale of goods was passed as a separate statute. The sale of goods act 1930 governs contracts for the sale of goods in India. It defines a contract of sale as a transaction where the seller transfers or agrees to transfer ownership of goods to a buyer for a price. The act outlines the essential elements of such a contract, including the transfer of ownership, the nature of goods and the role of price etc. it also addressed the distinction between a sale and an agreement to sell, as well as the rights and obligations of buyers and sellers including remedies for breach of contract.

*Corresponding author; e-mail: ngurumurthy3@gmail.com; dr.gopiesuka@gmail.com;

Cite this Chapter: Gurumurthy, N. and Gopi, E., 2025. Sale of Goods Act 1930. In: Dr. Lubna Suraiya Dr. P. Kanchana (Eds.). Commerce Reimagined: The Future of Trade and Transactions. Excellent Publishers, India. pp. 65-84. doi: https://doi.org/10.20546/978-93-94174-93-1_5