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Sale of Goods Act (SoGA) 1932

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

Which of the following most appropriately describes the term “sale” as per Sale of Goods Act, 1930:

A contract whereby seller transfers the property in goods

A contract whereby seller transfers or agrees to transfer the property in goods to the buyer for a price

A contract where transfer of the property in goods is to take place at a future time

A contract where transfer of the property in goods is to take place subject to some condition thereafter to be fulfilled

A contract whereby seller transfers or agrees to transfer the property in goods to the buyer for a price