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The Sales of Goods Act, 1930
What is the primary legislation governing the sale of goods in India?
The Sale of Goods Act, 1930 governs contracts for the sale of movable goods in India, replacing the relevant provisions of the Indian Contract Act, 1872.
What is a 'future goods' under the Sale of Goods Act, 1930?
Goods to be manufactured, produced, or acquired by the seller after making the contract.
How does the Sale of Goods Act, 1930 define a 'contract of sale'?
A contract of sale is a contract where the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called the price.
What is the meaning of 'existing goods' under the Sale of Goods Act?
Goods owned or possessed by the seller at the time of the contract of sale.
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