32. Payment and delivery are concurrent conditions

Terms defined in s 2

• buyer

  buyer

  Defined · s 2

  “buyer” means a person who buys or agrees to buy goods;

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• delivery

  delivery

  Defined · s 2

  “delivery” means voluntary transfer of possession from one person to another; goods are said to be in a “deliverable state” when they are in such state that the buyer would under the contract be bound to take delivery of them;

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• goods

  goods

  Defined · s 2

  “goods” means every kind of movable property other than actionable claims and money; and includes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale; a person is said to be “insolvent” who has ceased to pay his debts in the ordinary course of business, or cannot pay his debts as they become due, whether he has committed an act of bankruptcy or not;

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• price

  price

  Defined · s 2

  “price” means the money consideration for a sale of goods;

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• seller

  seller

  Defined · s 2

  “seller” means a person who sells or agrees to sell goods;

  Open s 2