Sale of Goods Act, 1930

 

Sale of
Goods Act [III of 1930]


Section 2(7)—

In the
present case concerning adjustment of loan by share certificates, the
provisions of Banking Companies Ordinance shall be read and construed in
addition to section 171 of the Contract Act. From the provision of the Sale of
Goods Act it appears that the shares of a company are also goods and as such
moveable property. Money is a species of goods over which lien may be
exercised. Where a banker has advanced money to another, he has a lien on all
securities which come within his hand for the amount of his general balance
unless there is an express contract to the contrary.

Sonali Bank
vs Bengal Liner Ltd 42 DLR 487.

 

Section 2(7)—

The right of
pre-emption is attached to immovable properties, but the shares of a company
are not properties in that sense, they are goods as defined and described in
Sale of Goods Act.

United
Chemicals and Pharma­ceuticals Ltd and others vs Niranjan Dey and others 47 DLR
423.

 

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