Document Summary

Sale of goods act implies terms into contract. Sales of goods act is essentially a codification by the british parliament of the case law in place in 19th century. Primary purpose of the act is to imply the terms that the parties to sale of goods transactions often leave out. Parties may fail to specify date of payment or time of delivery, act will imply the missing terms in contract. The act provides only missing terms, and so the stated intention of the parties will override the provisions of the. Not restricted to retail and consumer transactions; rather, applies to all situations where goods are bought/sold. Even significant commercial transactions involving large machinery such as railway locomotives. Normal contract rules apply to sale of goods transactions except where overridden by the sale of goods act. Offer and acceptance, as well as consideration, capacity, legality, and intention must be present for contract to be formed.

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