Mindblown: a blog about philosophy.
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Unit 3: Transfer of Ownership and Delivery of Goods
Table of contents Introduction Passing of Property (Sections 18 – 26) Risk Prima Facie Passes with Property (Section 26) Transfer of Title by Non-owners (Sections 27 – 30) Performance of the Contract of Sale (Sections 31 – 44) Introduction The sale of goods involves the transfer of ownership from the seller to the buyer. It…
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Unit 4: Unpaid Seller
Overview Introduction A contract of sale creates reciprocal obligations: the seller must deliver goods and the buyer must pay the price agreed. When the buyer fails to pay or dishonours an instrument given in payment, the seller becomes an unpaid seller and acquires statutory rights under the Sale of Goods Act, 1930. As per Section 45(1), a person is an unpaid seller in either of…
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Conditions & Warranties: Mnemonics
Meaning of Condition Mnemonic: “CORE DEAL” Mnemonic Explanation: Helps recall that a condition goes to the root of the contract and breach allows repudiation + damages. Meaning of Warranty Mnemonic: “SIDE SAFE” Mnemonic Explanation: Helps remember that breach of warranty gives damages only, not rejection. Difference Between Condition and Warranty Mnemonic: “ROOT vs RIM” vs. Mnemonic Explanation: ROOT vs RIM helps contrast their…
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Unit 2: Conditions & Warranties
Overview Stipulation as to Time (Section 11) Introduction to Conditions and Warranties Section 12provides the statutory definitions:Condition: A stipulation essential to the main purpose of the contract. Breach of a condition entitles the aggrieved party to treat the contract as repudiated (i.e., to reject the goods and/or rescind the contract) and to claim damages. Example 1: If…
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Unit 1: Formation of the Contract of Sale
The Sale of Goods Act, 1930 Unit 1: Formation of the Contract of Sale Overview Introduction The Sale of Goods Act, 1930, regulates contracts for the sale of goods in India. The Act was enacted because a separate statute was required to deal specifically with the sale of goods; previously, such provisions were included in the Indian Contract…
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The Sale of Goods Act, 1930
The Sale of Goods Act, 1930: Unit 1: Formation of the Contract of Sale Unit 2: Conditions & Warranties Unit 3: Transfer of Ownership and Delivery of Goods Unit 4: Unpaid Seller Past Paper Questions
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Past Year Questions: The Sale of Goods Act, 1930 | Business Laws for CA Foundation
Q 1. S purchased a dress from a reputed showroom and made the payment in cash. The dress she purchased require some alteration. The shopkeeper assured S that it would take just one day to get the dress altered. It was agreed that once the dress was altered the shopkeeper would inform S through phone and…
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Chapter -10 Light
Table of contents Reflection of Light Spherical Mirrors Refraction of Light Laws of Refraction of Light Imagine you’re holding a flashlight in a dark room. When you turn it on, you see a bright beam of light. Well, light is a form of energy that makes things visible to our eyes. It’s like a messenger that carries information about the world…
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8. THE BOOK THAT SAVED THE EARTH
Martians on Earth: In a funny play set in the 2Oth century, imaginary characters with strange names like Chief Think Tank and Sergeant Oop go on a mission to Earth to learn about humans, or as they call them, “earthlings.” Library Confusion: The Martians land in a library filled with books. Chief Think Tank, who…
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7. Bholi
Early Struggles of Bholi Once upon a time in a village, there was a girl named Bholi. She had a hard time speaking clearly because of a sickness in her brain. Also, smallpox left marks on her face, making her look different. People made fun of her, calling her Bholi, meaning backward. Bholi’s Family; Bholi…
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