Page 114 - DMGT407Corporate and Business Laws

Su Professional University Unit 5: Law of Sale of Goods

Unit 5: Law of Sale of Goods Notes

CONTENTS
Objectives
Introduction
5.1 Definition and Essentials of a Contract of Sale
5.1.1 Sale and Agreement to Sell
5.1.2 Distinction between Sale and Agreement to Sell
5.2 Goods and their Classification

5.2.1 Meaning of Goods
5.2.2 Documents of Title to Goods
5.2.3 Classification of Goods
5.3 Conditions and Warranties (Ss.11-17)
5.3.1 Stipulation as to Time
5.4 Passing of Property in Goods
5.4.1 Meaning of ‘Property in Goods’

5.4.2 Rules Regarding Passing of Property in Goods from the Seller to the Buyer
5.4.3 Risk Prima Facie Passes with Property
5.5 Transfer of Title by Non-owners
5.6 Performance of a Contract of Sale of Goods
5.6.1 Duties of the Seller and the Buyer
5.6.2 Delivery
5.6.3 Passing of Property in Goods in the Case of Foreign Trade
5.7 Unpaid Seller and his Rights
5.7.1 Who is an Unpaid Seller?

5.7.2 Rights of an Unpaid Seller
5.7.3 Right of Stoppage in Transit
5.7.4 Right of Resale (S.54)
5.8 Buyer’s Remedies against Seller
5.9 Sale by Auction [S.64]
5.10 Doctrine of Caveat Emptor
5.11 Summary

5.12 Keywords
5.13 Review Questions
5.14 Further Reading

LOVELY PROFESSIONAL UNIVERSITY 107