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        Indian Laws

        Section 5 - Contract of sale how made

        Sales of Goods Act, 1930
        Chapter IIa
        Formalities of the contract

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        Contract of sale: offer and acceptance create sale; delivery and payment may be immediate, by instalments, or postponed. A contract of sale is formed by an offer to buy or sell goods for a price and its acceptance. The contract may provide for immediate delivery or payment, instalment-based performance, or postponement of delivery or payment. Subject to existing law, the contract may be made in writing, orally, partly in writing and partly orally, or be implied from the parties' conduct.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Contract of sale: offer and acceptance create sale; delivery and payment may be immediate, by instalments, or postponed.

                                A contract of sale is formed by an offer to buy or sell goods for a price and its acceptance. The contract may provide for immediate delivery or payment, instalment-based performance, or postponement of delivery or payment. Subject to existing law, the contract may be made in writing, orally, partly in writing and partly orally, or be implied from the parties' conduct.


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