ADVOKS GLOBAL · KENYA
Sale of Goods Act
3. Sale and agreement to sell
Edition: 1964-11-03 · In force
3. Sale and agreement to sell
(1)A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration, called the price.(2)There may be a contract of sale between one part owner and another.(3)A contract of sale may be absolute or conditional.(4)Where under a contract of sale the property in the goods is transferred from the seller to the buyer the contract is called a sale; but, where the transfer of the property in the goods is to take place at a future time or subject to some condition thereafter to be fulfilled, the contract is called an agreement to sell.(5)An agreement to sell becomes a sale when the time elapses or the conditions are fulfilled subject to which the property in the goods is to be transferred.