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Questions and Answers
According to the Indian Sale of Goods Act, 1930, what does a Contract of Sale include?
According to the Indian Sale of Goods Act, 1930, what does a Contract of Sale include?
- An offer to buy for a price
- An offer to sell goods for a price
- The acceptance of such offer
- All of the above (correct)
When did the Indian Sale of Goods Act, 1930 come into existence?
When did the Indian Sale of Goods Act, 1930 come into existence?
- 1 July 1930 (correct)
- 23 September 1963
- 23 September 1930
- 1 July 1893
When was the Indian Sale of Goods Act, 1930 amended and renamed?
When was the Indian Sale of Goods Act, 1930 amended and renamed?
- 1 July 1893
- 1 July 1930
- 23 September 1963 (correct)
- 23 September 1930
What was the original name of the Indian Sale of Goods Act, 1930?
What was the original name of the Indian Sale of Goods Act, 1930?
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Where is the Indian Sale of Goods Act, 1930 applicable?
Where is the Indian Sale of Goods Act, 1930 applicable?
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Study Notes
Indian Sale of Goods Act, 1930
- A Contract of Sale includes an agreement to sell, and a sale, which involves the transfer of ownership of goods from the seller to the buyer.
Enactment and Amendments
- The Indian Sale of Goods Act, 1930 came into existence on July 1, 1930.
- The Act was amended and renamed as the Sale of Goods Act, 1930 in 1963.
Original Name and Applicability
- The original name of the Act was the Sale of Goods Act, 1930.
- The Indian Sale of Goods Act, 1930 is applicable in the whole of India, except the state of Jammu and Kashmir.
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