Sale of Goods Act · s 4

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s 4Contract of sale

(1)

A contract of sale of goods is a contract by which the sellertransfers or agreesto transfer the,property in goods to the buyer for a money consideration,calledthe price.

(2)

There may be a contract of sale between one part owner and another.

Sale of Goods

CAP. 170 9

(3)

A contract of sale may be absolute or conditional.

(4)

Where under a contract of sale the property in the goods is transferred from the seller to the buyer the contract is called a sale.

(5)

Where under a contract of sale the transfer of the property in the goods is to take place at a future time or subject to some condition later to be fulfilled the contract is called an agreement to sell.

(6)

An agreement to sell becomes a sale when the time elapses or the conditions are fulfilled subject to which the property in the goods is to be transferred.