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Under Sale of Goods Act, 1930 the terms “Goods” means every kind of movable property and it includes
- a)stock and share
- b)growing crops, grass
- c)both (a) and (b)
- d)none of the above
Correct answer is option 'C'. Can you explain this answer?
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Under Sale of Goods Act, 1930 the terms Goods means every kind of mova...
Goods under the Sale of Goods Act, 1930
The Sale of Goods Act, 1930 is an important law governing the sale of goods in India. Under this act, the term "goods" refers to every kind of movable property. It is a broad term and includes various types of items.
Types of items included in the term "goods"
The term "goods" under the Sale of Goods Act, 1930 includes:
1. Movable property: Goods refer to movable property. This means that the property can be moved from one place to another.
2. Stock and share: Goods also include stock and share. This means that the shares of a company can be sold and purchased under the Sale of Goods Act.
3. Growing crops and grass: Goods also include growing crops and grass. This means that the crops that are still growing in the field can be sold and purchased.
Conclusion
Therefore, the correct option is (c) both (a) and (b) as goods under the Sale of Goods Act, 1930 includes every kind of movable property, including stock and share as well as growing crops and grass.
The Sale of Goods Act, 1930 is an important law governing the sale of goods in India. Under this act, the term "goods" refers to every kind of movable property. It is a broad term and includes various types of items.
Types of items included in the term "goods"
The term "goods" under the Sale of Goods Act, 1930 includes:
1. Movable property: Goods refer to movable property. This means that the property can be moved from one place to another.
2. Stock and share: Goods also include stock and share. This means that the shares of a company can be sold and purchased under the Sale of Goods Act.
3. Growing crops and grass: Goods also include growing crops and grass. This means that the crops that are still growing in the field can be sold and purchased.
Conclusion
Therefore, the correct option is (c) both (a) and (b) as goods under the Sale of Goods Act, 1930 includes every kind of movable property, including stock and share as well as growing crops and grass.
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Community Answer
Under Sale of Goods Act, 1930 the terms Goods means every kind of mova...
Option b is correct because grass and growing crops could be pulled out of the land and therefore they are movable
option a is correct because stock and shares could be transferred in a manner prescribed in the articles of the company (sale of goods act defines shares as goods under section 2(7)
Hope this answer is clear
option a is correct because stock and shares could be transferred in a manner prescribed in the articles of the company (sale of goods act defines shares as goods under section 2(7)
Hope this answer is clear
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Under Sale of Goods Act, 1930 the terms Goods means every kind of movable property and it includesa)stock and shareb)growing crops, grassc)both (a) and (b)d)none of the aboveCorrect answer is option 'C'. Can you explain this answer?
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