(1) This Act applies to contracts of sale of goods made on or after (but not to those made before) 1 January 1894.
(2) In relation to contracts made on certain dates, this Act applies subject to the modification of certain of its sections as mentioned in Schedule 1 below.
(3) Any such modification is indicated in the section concerned by a reference to Schedule 1 below.
(4) Accordingly, where a section does not contain such a reference, this Act applies in relation to the contract concerned without such modification of the section. [ F1 (5) Certain sections or subsections of this Act do not apply to a contract to which Chapter 2 of Part 1 of the Consumer Rights Act 2015 applies.
(6) Where that is the case it is indicated in the section concerned. ] Textual Amendments F1 S. 1(5) (6) inserted (1.10.2015) by Consumer Rights Act 2015 (c. 15) , s. 100(5) , Sch. 1 para. 9 ; S.I. 2015/1630 , art. 3(g) (with art. 6(1) ) Part II U.K. Formation of the Contract
Section 2
2. Contract of sale. U.K.
(1) A contract of sale of goods is a contract by which 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.
(5) Where under a contract of sale the transfer of the property in the goods is to take place at a future time or subject to some condition later to be fulfilled the contract is called an agreement to sell.
(6) 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.
