📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The Sale of Goods Act. 1930 is based on:

    A The English Bills of Exchange Act, 1882 Correct Answer Incorrect Answer
    B The Transfer of Property Act, 1882 Correct Answer Incorrect Answer
    C The English Sale of Goods Act, 1893 Correct Answer Incorrect Answer
    D The Indian Contract Act, 1872 Correct Answer Incorrect Answer

    Solution

    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 It was repealed by the separate enactment namely ‘Sale of Goods Act, 1930’.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).

    Practice Next
    More Banking Related Laws Questions
    ask-question