Sale of goods

Sale of goods in Peninsular Malaysia is governed by the Sale of Goods Act 1957 . Sabah and Sarawak adopt principles of English law relating to the sale of goods .

The contract of sale
A contract of sale of goods is defined in Section 4(1) of the sales of Goods Act (SGA ) as follows :

"A contract of sale of goods is a contract whereby the seller transfer or agrees to transfer the property in goods to the buyer for a price . There may be a contract of sale between one part-owner and another . "

The act doesn not apply if the consideration is goods alone ( exchange of goods ) and not money . However , if the consideration is partly the delivery of goods and partly money , the contract may be one of sale . The essential element is the application of a monetary value to the goods so traded .