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GOODS. SECTION 2(7) “GOODS MEANS EVERY KIND OF MOVABLE PROPERTY OTHER THAN ACTIONABLE CLAIMS AND MONEY AND INCLUDES STOCK, SHARES, GROWING CROPS,GRASS.

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Presentation on theme: "GOODS. SECTION 2(7) “GOODS MEANS EVERY KIND OF MOVABLE PROPERTY OTHER THAN ACTIONABLE CLAIMS AND MONEY AND INCLUDES STOCK, SHARES, GROWING CROPS,GRASS."— Presentation transcript:

1 GOODS

2 SECTION 2(7) “GOODS MEANS EVERY KIND OF MOVABLE PROPERTY OTHER THAN ACTIONABLE CLAIMS AND MONEY AND INCLUDES STOCK, SHARES, GROWING CROPS,GRASS AND ITEMS ATTACHED TO OR FORMING A PART OF THE LAND WHICH ARE AGREED TO BE SEPARATED BEFORE SALE’’

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4  OWNED AND POSSESED BY SELLER AT THE TIME OF CONTRACT  SELLER HAS RIGHT TO SELL THE GOODS  IF SELLER IS AGENT,THEN HE HAS AUTHORITY TO SELL THE GOODS

5 TYPES UNASCERTAIED ASCERTAINED

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7 NOT IN POSSESION OF SELLER SELLER HAS PROCURE GOODS FROM SOMEWHERE

8 TYPE OF FUTURE GOODS ACQUISITION DEPEND ON CONTINGENCY WHEN MAY MAT NOT HAPPEN SALE DEPEND ON CONDITION FOR SPECIFIC DATE

9 DESTROY OF GOODS AT OR BEFORE THE TIME OF THE CONTRACT OF SALE. (SECTION 7 AND 8) RELATED TO DESTRUCTION OF GOODS DESTROY OF GOODS AT OR BEFORE THE TIME OF THE CONTRACT OF SALE. (SECTION 7 AND 8) RELATED TO DESTRUCTION OF GOODS

10  SPECIFIE NATURE OF GOODS  DESTROY OR DETERIORATED(NOT MATCH TO DESCRIPTION) without seller knowledge,THE CONTRACT BECOME VOID.  THIS RULE APPLY TO ASCERTAINED GOODS NOT TO UNASCERTAINED GOODS

11 WHEN GOODS DESTROY IN PARTS,THE PERFORMANCE OF CONTRACT DEPENDS ON :-

12 CONTRACT BECOME VOID IF BOTH PARTIES HAVE NOT ANY DEFAULT… APPPLY ONLY ON ASCERTAINED GOODS

13 NO BECAUSE IT IS NOT IN POSESSION BUT IF ANIMALS ARE IN POSEESION OF PERSON IT BECOME GOODS

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