Sals of Goods Act 1930

Who is buyer?

• a person who buys or agrees to buy goods.

• a person who is still negotiating

• a person who offers to sell goods

• a person who is disagree to buy goods

Goods is defined as?

(a)  

Goods are of two types. Namely

• Existing Good; owned or possessed by seller

• private goods

• future goods

• public goods

What is meant by the term "specific goods"?

• Specific goods are goods that are identified and agreed upon at the time a contract of sale is made.

• Specific goods are goods that have been specifically made to fulfil the buyer's order

• Specific goods are goods that have a specific (rather than a general) use

• Specific goods are goods that the seller has had to order specifically for the buyer

What are "existing goods"?

• Existing goods are goods that the seller has left over from a previous sale.

• Existing goods are goods that are either owned or possessed by the seller.

• Existing goods are goods that the seller knows exist but needs to order them specifically for the buyer.

• Existing goods are goods that have already been manufactured and therefore exist.

What are "future goods"?

• Future goods are goods that the seller needs to order specifically to fulfil the contract of sale.

• Future goods are goods that the buyer does not take with him/her at the time of purchase but are to be delivered at a future time

• Future goods are goods to be manufactured or acquired by the seller after the making of the contract of sale.

• Future goods are goods sold on credit which the buyer can pay for in the future

Goods under the Sales of Goods act includes land

• True
• False

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

• True
• False

Existing goods are goods already owned or possessed by the seller, and may be either specified or agreed upon at the time a contract of sale is made.

• True
• False

A contract of sale of goods may be made in writing and partly by word of mouth or may be implied from the conduct of the parties

• True
• False