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concept on sale of goods

concept on sale of goods

by Kobita Akter -
Number of replies: 0

Define sale of goods. 

Ans- 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.

Types of goods:

1) The existing goods 

 The existing goods are further of the following types:

A) Specific Goods

B) Ascertained Goods

C) Unascertained Goods

2) Future Goods 

3) contingent goods