TSR Wiki > Study Help > Subjects and Revision > Revision Notes > Business Studies > Sales of Goods Contract
Sale of goods contract:
- a contract of sale:you immediately become the owner of the good you purchased the good has to already exist or has to be in possession of the seller.
- an agreement to sell: concerns future goods or goods that have not yet been made specific
Goods: All personal property&crops NOT shares,trade mark,copyright,land
Sale of Goods Act 1979:
s 13: Description is given by written notice(labels),word of mouth. Quality and description may overlap.Goods can be rejected because of incorrect description only ifn buyer relies on the description.
s 14 : goods have to be of satisfactory quality.Notice of the defects may be given by the seller, or inspected by the buyer who is expected to take only ordinary precautions
s 14 (3) : Implicit reliance: buyer neither inspects the good,nor asks questions to the seller
- Explicit reliance:buyer asks questions to seller or asks him to recommend a good
s 15 : the bulk will correspond with the sample in quality, the goods should be free from any defect
Buyers are entitled to reject goods, but once acceptance has taken place, the breach becomes one of warrenty instead of condition.
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