What are the essential elements of Contract of Sale?

Atleast two Parties

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Subject matter must be Goods

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Both (a) and (b)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Subject matter must be Goods
The Sale of Goods Act, 1930 came into force on 1 st day of July, 1930.It is an Indian Contract Act. This act specifies that seller transfers the ownership of goods in the name of buyers during the sale of goods. Essential elements of Contract of Sale is that subject matter must be goods.

Suggest Corrections