Ch 2 · Sale of Goods Act, 1930

📘 Core concepts

1. 1Sale: transfer of property in goods for a price (Sec 4).
2. 2Agreement to sell becomes a sale when conditions are fulfilled / time elapses.
3. 3Conditions vs Warranties — condition is essential, breach allows repudiation; warranty allows damages only.
4. 4Caveat emptor: buyer beware — exceptions like fitness for purpose, merchantable quality, sale by sample.
5. 5Unpaid seller's rights: lien, stoppage in transit, resale, suit for price.