Which act regulates the sale of goods in India?

The Sale of Goods Act, 1930 is the primary legislation that governs the sale of goods in India. This act establishes the legal framework for the sale of goods, including rights and obligations of buyers and sellers, conditions and warranties, and the transfer of ownership. It is specifically designed to address issues related to commercial transactions involving goods, making it a critical piece of legislation in trade and commerce.

The act outlines various essential aspects, such as the formation of a contract of sale, the concept of delivery of goods, and the specifics about what constitutes a breach of contract. It aims to provide clarity and protection for parties involved in the sale transaction, promoting fair trading practices.

In contrast, the Companies Act, 1956 deals with the regulation of companies and their corporate governance, not the sale of goods. The Partnership Act, 1932 focuses on the legal framework governing partnerships and their relationships, while the Transfer of Property Act, 1882 relates to property transfer laws. Each of these acts addresses different areas of business law, highlighting the importance of the Sale of Goods Act, 1930 specifically for transactions involving goods.