Section 40
Contract Relating To Sale Of Goods
(1) A contract relating to sale of goods shall be deemed to have been concluded . in case any seller agrees to hand over any goods to the buyer immediately or in the future by receiving a price. Explanation  For the purpose of this chapter, the term ‘goods’ means any type of movable or immovable property except current used currency, security, or actionable claim .
(2) A contract relating to sale of goods may be conditional or unconditional.
(3) A contract may be concluded with a provision to sell goods owned or possessed by the seller or those to be produced or acquired by him/her in the future.