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ks136 (student)     27 June 2011

Mercantile Law help needed

Can sm1 explain these points 2 me plz

From: Sale of goods act 1930 6.

Existing or future goods.-

(1) The goods which form the subject of a contract of sale may be either existing goods, owned or possessed by the seller, or future goods.

(2) There may be a contract for the sale of goods the acquisition of which by the seller depends upon a contingency which may or may not happen.

(3) Where by a contract of sale the seller purports to effect a present sale of future goods, the contract operates as an agreement to sell the goods.

 

Problem in (2) and (3) of above and this point too plz

-A contract of sale may be absolute or conditional



 7 Replies

ks136

ks136 (student)     27 June 2011

And also can sm1 give me good notes of Module B...especially Mercantile Law...plz..

and..does any1 has solved module B past papers :)

ks136

ks136 (student)     27 June 2011

And this one 2 plz:

 Ascertainment of price.- (1) The price in a contract of sale may be fixed by the contract or
may be left to be fixed in manner thereby agreed or may be determined by the course of dealing
between the parties.

CA. Shubham Anand

CA. Shubham Anand (Founder - Shubham Anand & Co Chartered Accountant)     27 June 2011

Hi Hooria,

Contract for the sale of goods can be for the Goods which are not yet in existence that is goods to be produced/manufactured/made -talks about future goods

CA. Shubham Anand

CA. Shubham Anand (Founder - Shubham Anand & Co Chartered Accountant)     27 June 2011

Point 2 talks about the acquisition of good/ownership of goods by Seller

There could be a contract of sales for a goods which will be first acquired by seller than to be sold to the purchaser, acuisition of that goods depends upon some contingency that is seller would not be able to acquire that goods for which he has entered into agreement/contract for sale.

CA. Shubham Anand

CA. Shubham Anand (Founder - Shubham Anand & Co Chartered Accountant)     27 June 2011

Hi Hooria for detail discussion you can reach me at ca.skanand @ gmail.com

* Krishna *

* Krishna * (CA Student)     27 June 2011

@ Hooria

 

Go through below M.Law file which is explained in easy understandable format. Hope you will understands this easily.


Attached File : 171643 751338 cpt law.doc downloaded: 153 times
ks136

ks136 (student)     27 June 2011

Thanks aloooooooooooot


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