ent
1
Course Overview
SECTIONS
Welcome to online class
1
Introduction
2
Topic-1, Lecture No-1 & 2 (Concept on Business Law)
3
Topic-2, Lecture 3 & 4 on Sale of Goods Act
4
Topic-3, Lecture No 05, & 06 (Condition and Warranty)
5
Topic-4, Lecture No-7& 8 ( Performance of Contract and Rights & Duties of Seller and Buyer)
6
Topic-5, Quiz-1
7
Topic-7, Lecture No-9, 10 & 11 (Partnership)
8
Topic-4, Lecture No-6,7&8 (Negotiable Instrument)
9
Topic-5, Instruction to Mid-term Examination
10
Topic-6, Assignment & Presentation
11
Topic-11, Lecture 16, 17,&, 18 (Cheque)
12
Topic-13, Lecture 19 & 20, (Bill of Exchange)
13
Carriage of Goods
14
Insurance
15
Quiz-3
16
Topic-12 , Final Assessment
17
Student Feedback
18
Skip to main content
Business Law (Spring 22)
Dashboard
Courses
DIU
Faculty of Humanities and Social Science
LAW
LAW Spring 2022
LAW 107 (SU-221)
Topic-2, Lecture 3 & 4 on Sale of Goods Act
Discussion forum
Concept of Sale of Goods And Types of Goods .
Search forums
Search forums
Discussion forum
Concept of Sale of Goods And Types of Goods .
Display mode
Display replies in nested form
Picture of Abi Owakkas Akash
Concept of Sale of Goods And Types of Goods .
by Abi Owakkas Akash - Sunday, 30 January 2022, 1:34 PM
Number of replies: 0
Contract of Sale of goods:
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.
In other words, under a contract of sale, a seller in the capacity of the owner, or part-owner of the goods, transfers or agrees to transfer the ownership in goods to the buyer for an agreed upon value in money, called the price, paid or the promise to pay same.
Essential elements of a Contract of Sale:
· Goods
· Price
· Two parties
· Transfer of ownership
· All Essentials of a Valid Contract of Sale
· Includes both a ‘sale‘ and ‘an agreement to sell‘
Definition of Goods:
2(7) "goods" means every kind of moveable property other than actionable claims and money; and includes electricity, water, gas, stock and shares, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale;
Subtypes of Goods:
1. Existing Goods.
· Specific Goods.
· Ascertained Goods.
· Unascertained Goods:
2. Future Goods.
3. Contingent Goods.