The Sale of Goods Act, 1930
(1) The goods which form the subject of a contract of sale may be either existing goods, owned or possessed by the seller, or future goods. (2) There may be a contract for the sale of goods the acquisition of which by the seller depends upon a contingency which may or may not happen. (3) Where by a contract of sale the seller purports to effect a present sale of future goods, the contract operates as an agreement to sell the goods.
Source & version
Official text: India Code (official) ↗
Official India Code text: The Sale of Goods Act, 1930 (3 of 1930), English PDF (bitstream 123456789/2390/1/193003.pdf, 377,988 bytes, sha256 069ff04276e35110...) fetched directly from indiacode.nic.in (Akamai edge, DNS via dns.google) on 2026-08-01. Extracted via pdftotext 26.07 -bbox and the @nexlex/ingest inline parser. Automated parse; footnotes and amendment history excluded. Spot-verified against the PDF; full clause-level proofread pending.
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