Showing posts with label SALE OF GOODS ACT. Show all posts
Showing posts with label SALE OF GOODS ACT. Show all posts

Thursday, December 19, 2019

RIGHT OF LIEN VS RIGHT OF STOPPAGE IN TRANSIT


  • DIFFERENCE BETWEEN RIGHT OF LIEN AND RIGHT OF STOPPAGE
  • SALE OF GOODS ACT 1930
  • SHASHI AGGARWAL ECONOMICS AND LAW CLASSES

  • RIGHT OF UNPAID SELLER AGAINST THE GOODS
  • RIGHT OF LIEN (46(1)(a),47 to 49
  1. LIEN IS THE RIGHT TO RETAIN POSSESSION OF GOODS UNTIL THE PAYMENT OF PRICE TO THE UNPAID SELLER OF THE GOODS WHO HAS POSSESSION OF THEM :
  2. WHERE THE GOODS HAVE BEEN SOLD WITHOUT ANY STIPULATION TO CREDIT
  3. BUT THE TERMS OF CREDIT HAS EXPIRED
  4. WHERE THE BUYER BECOMES INSOLVENT

Friday, July 12, 2019

CONTRACT OF SALE OF GOODS SALE OF GOODS ACT 1930


  • SALE OF GOOD ACT 1930
    CONTRACT OF SALE OF GOODS
    SHASHI AGGARWAL ECONOMIC AND LAW CLASSES
  • INTRODUCTION
  1. THE SALE OF GOODS ACT.1930 IS MAINLY BASED ON THE ENGLISH SALE OF GOODS ACT 1893
  2. EARLIER THE ACT WAS COVERED UNDER CHAPTER VII OF INDIAN CONTRACT ACT 1872
  3. NEW ACT SALE OF GOODS HAD COME INTO FORCE IN FIRST JULY 1930
  4. WHICH EXTENDS TO THE WHOLE OF INDIA EXCEPT THE STATE OF JAMMU AND KASHMIR
  5. THE SALE OF GOODS ACT.1930 DEALS WITH THE LAW RELATING TO SALE OF GOODS IN INDIA
  6. GOODS MEANS EVERY KIND OF MOVABLE PROPERTY OTHER THAN MONEY AND ACTIONABLE CLAIMS