Sale of Goods Act
Quick Summary
The Sale of Goods Act was a significant piece of legislation in the United Kingdom that codified the common-law rules governing the sale of goods. This act established the rights and responsibilities of both buyers and sellers in commercial transactions.1
Key provisions of the act included:
* Defining when a sale of goods contract exists.
* Outlining implied terms, such as the goods being of satisfactory quality and fit for purpose.
* Granting an unpaid seller the right to stop goods in transit and resume possession until payment is made.2
This act was later updated, with a version in 1979 continuing to shape commercial law. The principles established in this act have also influenced legislation in other countries, such as India's Sale of Goods Act of 1930.34
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