The Sale of Goods Act. 1930 is based on:

The law relating to sale of goods was originally contained in chapter VII of the Indian Contract Act. It was repealed by the separate enactment namely ‘Sale of Goods Act, 1930’. As the provisions of section 76 to 123 of the Indian Contract Act were found to be inadequate to meet with rapid mercantile transactions the present ‘Saleof Goods Act, 1930’ took its birth. The Sale of Goods Act, which came into force on the first of July 1930, therefore contains provisions originally included in the Indian Contract Act (Sections 76 to 132).