Definition of goods and delivery delineates buyer-seller rights and documents of title affecting transfer of possession. Definitions determine parties, subject-matter and transfer mechanisms: goods as movable property (including stocks, shares and severable things), distinction between future goods and specific goods, delivery as voluntary transfer of possession with 'deliverable state' defined by contractual obligation, 'price' as monetary consideration and 'property' as general property. Roles defined include 'buyer', 'seller' and 'mercantile agent' with customary authority. 'Document of title to goods' covers bills of lading, warehouse receipts, multimodal documents, warrants and like instruments evidencing possession or authorising transfer. Undefined expressions adopt meanings from the Indian Contract Act, 1872.
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Provisions expressly mentioned in the judgment/order text.
Definition of goods and delivery delineates buyer-seller rights and documents of title affecting transfer of possession.
Definitions determine parties, subject-matter and transfer mechanisms: goods as movable property (including stocks, shares and severable things), distinction between future goods and specific goods, delivery as voluntary transfer of possession with "deliverable state" defined by contractual obligation, "price" as monetary consideration and "property" as general property. Roles defined include "buyer", "seller" and "mercantile agent" with customary authority. "Document of title to goods" covers bills of lading, warehouse receipts, multimodal documents, warrants and like instruments evidencing possession or authorising transfer. Undefined expressions adopt meanings from the Indian Contract Act, 1872.
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