Sale of Goods Act 1957 · Updated to 1 Jan 2006 · Chapter II
5. Contract of how sale made
Feedback & supportA contract of sale is made by an offer to buy or sell goods for a price and the acceptance of such offer. The contract may provide for the immediate delivery of the goods or immediate payment of the price or both, for the delivery or payment by instalments, or that the delivery or payment or both shall be postponed.
goods
“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;
Subject to any law for the time being in force, a contract of sale may be made writing or by word of mouth, or partly in writing and partly by word of mouth or may be implied from the conduct of the parties.
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Subject matter of contract