10/22/10

Sale of Goods (Sale of Goods Act 1930)

Contract of Sale of Goods

Where Seller
Transfers
Agrees to Transfer
Contract may be
Absolute
Conditional

Difference between Sale and Agreement to Sell


Sale

Possession Passes
Executed
Buyer has absolute Rights against Public
Seller can sue for the Price
As Further sale, buyer can sue for damages from Seller and 2nd Buyer
On Destruction Loss falls on Buyer

Agreement to Sell
Possessions Resides
Executory
Buyer can sue for Price only to Seller
Seller can sue for Damages
As Further sale, buyer can sue for damages only from Seller
On Destruction Loss falls on Seller

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