<P> Indian Sale of Goods Act 1930 is a Mercantile Law . The Sale of Goods Act is a kind of Indian Contract Act . It came into existence on 1 July 1930 . It is a contract whereby the seller transfers or agrees to transfer the property in the goods to the buyer for price . It is applicable all over India, except Jammu and Kashmi r . The goods are sold from owner to buyer for a certain price and at a given period of time. The name Indian is removed from the act with effect from 23 September 1963 hence the act name is now Sale of Goods act 1930 </P> <P> "" According to section 6 of the Indian sales of goods act, a contract of sales means such contract by which the seller transfer the title or ownership of the goods to the buyer or makes an agreement to transfer it against a fixed price "" </P> <P> 1 . Buyer A person who buys or agrees to buy goods . </P> <P> 2 . Seller A person who sells or agrees to sell goods . </P>

Sale of goods act 1930 (3 of 1930)