Sales Of Goods Act, 1930 Unit 1 Foundation
In this map you will get some info of SOGA unit 1 on the basis of ICAI module so it will helps to Learn thing fast
1. Types of Goods
1.1. Existing Goods
1.1.1. specific
1.1.2. Ascertained
1.1.3. Unascertained
1.2. Future Goods
1.3. Contingent Goods
2. Delivery
2.1. Actual Delivery
2.2. Constructive Delivery
2.3. Symbolic
3. Sale and Agreement to sell SECTION 4
3.1. A Contract Of sale of goods is a contract whereby the seller transfer or agrees to transfer the property in goods to the buyer for a price
3.1.1. absolute or conditional 4(2)
3.1.1.1. Future date par Ownership transfer its called ATS 4(3)
4. Good perishable after the contract SECTION 8
4.1. ATS specific goods w/o any fault on the part of seller or buyer perish or became so that contract will also VOID
5. Scope Of the act
5.1. this act applicable on the whole of India
6. Contract of Sale How made SECTION 5
6.1. contract is made by an offer
6.1.1. there may be Immediate delivery of Goods
6.1.2. there may be immediate payment of price
6.1.3. Immediate delivery
6.1.4. agreed upon delivery or payment or both are to be made in instalment
6.1.5. made at some future date
7. Goods perishable before making of contract SECTION 7
7.1. if the buyer has not the knowledge about this Perishable goods and before the contract if he get knowledge so the CONTRACT WILL BE VOID
8. Sale and hire purchase
8.1. In hire purchase Ownership will transfer after the last installment if he doesn't pay last installment so he Cannot be owner of the good
9. Bailment
9.1. there is only transfer of possession of goods from the bailor to the bailee for any of the reasons like Safe custody, carriage
10. Document of title and showing title
10.1. Document of title includes Bill of lading, Dock warrant, Warehouse keeper's certificate, railway receipt etc....
10.1.1. Document Showing Title includes Share certificates
11. Definitions
11.1. Buyer and Seller
11.1.1. Buyer means a person who agrees to buy or buy something SECTION 2(1)
11.1.1.1. Seller means a person who agrees to sell something Section 2(13)
11.1.1.1.1. Goods means every kind of Moveable property other than actionable claims and Money in circulations ETC....