BUSINESS LAW | UNIT 4 | ONE SHOT | SEM 1 | THE SALES OF GOOD ACT 1930 | DU/SOL/REGULAR/NCWEB

Welcome to Idea Infusion, your one-stop destination for Commerce, Business Law, and Delhi University syllabus-based learning.
In this comprehensive one-shot lecture, we cover the entire Unit 4 – The Sale of Goods Act, 1930 from the Business Law syllabus of B.Com (Hons.), B.Com (Prog.), and BBA (Semester 1).

This video provides a complete understanding of the Sale of Goods Act, 1930, explained in easy and simple language, suitable for beginners and revision before exams. Every concept, section, and legal term is broken down with examples, differences, and case laws, helping you score high marks in your university exams.


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🧠 What You’ll Learn in This One Shot Lecture:

1. Introduction and Overview

Meaning, Definition, and Scope of the Sale of Goods Act, 1930

Importance and Objectives of the Act

Applicability and Legal Framework


2. Contract of Sale

Meaning and Definition of Sale and Agreement to Sell

Essentials of a Contract of Sale

Types of Goods – Existing, Future, and Contingent Goods

Difference between Sale and Agreement to Sell


3. Conditions and Warranties (Sections 12–17)

Meaning and Distinction between Condition and Warranty

Implied Conditions and Implied Warranties

When a Condition is Treated as a Warranty


4. Doctrine of Caveat Emptor

Meaning and Principle of “Let the Buyer Beware”

Exceptions to the Doctrine of Caveat Emptor

Case Laws explaining the doctrine


5. Transfer of Property in Goods

Meaning of Property and Ownership

Rules regarding Transfer of Ownership

Transfer of Property in Specific and Unascertained Goods

Importance of Ownership Transfer


6. Transfer of Title

Meaning of Title to Goods

The Rule of “Nemo Dat Quod Non Habet” (No one can give what he does not have)

Exceptions to the Rule – Sale by Mercantile Agent, Estoppel, and others


7. Performance of Contract of Sale

Duties of Seller and Buyer

Delivery of Goods – Rules regarding delivery and acceptance

Payment and Transfer of Risk


8. Rights of Unpaid Seller

Meaning of Unpaid Seller

Rights of Unpaid Seller Against the Goods – Lien, Stoppage in Transit, Resale

Rights of Unpaid Seller Against the Buyer Personally – Suit for Price, Damages


9. Remedies for Breach of Contract

Remedies available to Seller and Buyer

Suit for Price, Damages, and Non-Delivery

Remedies for Wrongful Refusal and Repudiation


10. Auction Sale (Section 64)

Meaning and Features of Auction Sale

Legal Rules regarding Auction Sale

Sale with Reserve and Without Reserve Price

Rights of the Seller and Buyer in Auction



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🎯 Key Features of This Lecture

✅ Complete coverage of Delhi University Business Law Unit 4 syllabus
✅ Explained with examples, sections, and case studies
✅ Easy and simple language – suitable for beginners
✅ Ideal for exam preparation, quick revision, and conceptual clarity
✅ Includes previous year questions and key differences
✅ Helpful for B.Com (Hons.), B.Com Programme, BBA, and other commerce courses


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🧾 About the Sale of Goods Act, 1930

The Sale of Goods Act, 1930 is a fundamental law that regulates the sale and purchase of goods in India. It defines the relationship between buyer and seller, their rights, duties, and liabilities, and provides remedies in case of breach of contract.
Understanding this Act helps students grasp how commercial transactions, contracts, and business laws operate in real-life business situations.


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📘 Exam Relevance

This chapter is highly important for Delhi University Business Law Semester 1 exams and often carries 8–10 marks long questions and case-based questions.
Concepts like Sale vs Agreement to Sell, Conditions and Warranties, Caveat Emptor, and Rights of Unpaid Seller are frequently asked in exams
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🎥 This Video is Ideal For:

Delhi University (DU) B.Com (Hons.) and B.Com (Prog.) students

BBA and BA (Prog.) students with Business Law subject

Students of IGNOU, IPU, CCSU, Mumbai University, and other Indian Universities

Anyone preparing for UG Commerce exams or Business Law basics



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