Legal Environment Sales of Goods Act Free Essay Example, 2250 words

The sales of goods act deal mainly with the sales contract between the buyer and the seller. Its main purpose is to protect the interests of the two parties involved and to try resolving any kind of conflict that might arise between the buyer and the seller. This act defines what a sales contract is and gives the definition of other terms involved in such a contract. It also explains the formation of such contracts, their effects, and their performance. It also explains the rights of the unpaid seller against the goods and gives action for the breach of the contract and defines the situations in which the terms and conditions of the contract become invalid. According to part 2 section 5 subsection (1), a contract of sale can be made in writing, by word of mouth, partly by writing and partly in word of mouth, or it can be implied by the conduct of the parties (Saskatchewan 1997). This act also put it as a requirement for all the contracts to contain terms and conditions. However, it does not allow each of the parties involved in the contract to trick the other party into accepting the terms and conditions of the contract through hiding some of the aspects of the product being sold. We will write a custom essay sample on Legal Environment Sales of Goods Act or any topic specifically for you Only $17.96 $11.86/pageorder now It requires that any contract be based on the honesty of both parties involved in a transaction. According to part 4, section 8 of this act the buyer has the right to examine the property he is buying and he should be given the right information or else the terms and conditions of the contract becomes null and void (Saskatchewan 1997). This act is designed to protect both the interest of the buyer as well as the interest of the seller. It protects the seller against defaults in payment by giving him the rights of ownership to the goods not fully paid for. However, the most important impact of this act is that it protects the consumer from being tricked by the seller to buy defected products. Therefore, a good understanding of this act by any buyer is very important since it can assist him to realize where the seller of the defected product had tricked him and thus sue the seller for compensation.