Business Laws — Sale of Goods Act, 1930 & Indian Partnership Act, 1932 | Complete Lecture

Part I — Sale of Goods Act, 1930 Meaning and essentials of contract of sale Sale vs agreement to sell Goods and classification of goods Price Conditions and warranties Implied conditions and warranties Doctrine of caveat emptor and exceptions Transfer of property in goods Transfer of title Nemo dat quod non habet and exceptions Performance of contract Delivery of goods Acceptance and rejection Rights and duties of buyer and seller Unpaid seller Rights of unpaid seller Auction sale Breach of contract and remedies Important sections, concepts, examples and exam traps Part II — Indian Partnership Act, 1932 Meaning and essential features of partnership Partnership vs co-ownership/company Partnership deed Rights and duties of partners Relations between partners Authority of partners Implied authority Liability of partners Minor admitted to benefits of partnership Incoming and outgoing partners Retirement and expulsion Dissolution of partnership Dissolution of firm Modes of dissolution Settlement of accounts Registration of firm Effects of non-registration Important sections, concepts, examples and exam traps One lecture = two complete Acts, with the Sale of Goods Act first and Partnership Act immediately after it, followed by a combined PYQ/MCQ + revision section.