5 Questions
Which of the following defines a contract of sale of goods according to Section 4(1) of the Sale of Goods Act, 1930?
A contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price.
What happens if the contract of sale of goods is silent on certain terms and conditions of performance?
Rules provided by the Sale of Goods Act apply to the relevant issue.
What does the term 'contract' refer to in the context of a contract of sale of goods?
An agreement enforceable at law with all essential elements of a valid contract present.
What is the essential element of a valid contract that must be present in a contract of sale of goods?
Consideration
In simple words, how is a contract of sale of goods defined?
A contract whereby a seller transfers the ownership in goods to buyer or agrees to transfer it to the buyer for a price.
Test your knowledge of the Sale of Goods Act with this quiz on the contract of sale of goods. Explore the key principles, terms, and conditions that govern the sale of goods, and understand the legal framework for contracts in this area.
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