Section 545
Contract Of Sale Of Goods
(1) A contract of sale of goods shall be
deemed to have been made if any seller agrees to transfer the
property in goods immediately or in the future to the buyer for a
price.
Explanation: For the purposes of this Chapter, the term
“goods” means any kind of movable property capable of being
purchased or sold other than currency in circulation for the time
being, security or actionable claim.
(2) A contract of sale of goods may be conditional or
unconditional.
(3) A contract may be concluded to sell the goods owned
or possessed by the seller for the time being or those to be produced
or acquired by the seller in the future.