Sales of Goods Act is the most common law for all commercial transactions. This act governs the sale and purchase of goods in India and provides a legal framework for the rights and obligations of buyers and sellers.

Key Points:
1. Overview of the Sales of Goods Act
- The Sales of Goods Act, 1930, is a comprehensive legislation that governs the sale of goods in India.
- It applies to all types of commercial transactions where goods are bought and sold, including both domestic and international transactions.
- The act defines various terms related to the sale of goods, such as goods, price, contract of sale, etc.

2. Scope and Application
- The act applies to all contracts for the sale of goods, whether they are made orally or in writing.
- It covers both cash sales and sales on credit.
- The act also applies to auctions, where goods are sold to the highest bidder.

3. Rights and Obligations of Buyers and Sellers
- The act provides certain rights and obligations for both buyers and sellers.
- Buyers have the right to receive goods that are of satisfactory quality, fit for their purpose, and as described by the seller.
- Sellers have the obligation to deliver the goods as agreed upon and transfer the ownership of the goods to the buyer.

4. Transfer of Property and Title
- The act contains provisions regarding the transfer of property and title in goods.
- It specifies the rules for determining when the property in the goods is transferred from the seller to the buyer.
- The act also provides rules for resolving disputes related to the ownership and possession of goods.

5. Remedies for Breach of Contract
- In case of a breach of contract, the act provides various remedies for both the buyer and the seller.
- The buyer can reject the goods, claim damages, or ask for specific performance.
- The seller can claim damages for non-acceptance of goods or sue for the price of the goods.

Conclusion:
In conclusion, the Sales of Goods Act is the most common law for all commercial transactions in India. It provides a legal framework for the sale and purchase of goods, defines the rights and obligations of buyers and sellers, and provides remedies in case of a breach of contract. This act is essential for ensuring fair and smooth commercial transactions and protecting the interests of both buyers and sellers.