The dealings among the society has evolved through out the years. From the trading of barter to the use of monetary devices in present times. It is an essential part of our lives. Some will demand for something that they need and some will supply to those that demand. In such a transaction, a set of rules or law is required in governing these transactions and also to safeguard the rights of the society from being abused. To the present day, what we have to guide us through these dealings are laid down in various acts of parliament. The most significant and important act that we have now is most probably the Sale of Goods Act 1979 (which I will now refer to as the SOGA 1979) which governs most contracts nowadays. This act is so important as it protects the rights of both the parties in the contract. Without acts such as this, contracts could be very unfair to certain parties and this would be a serious problem. These acts would work in such a way that when a party to a contract......
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Approximate Word Count: 729
Approximate Pages: 3 (260 words per double-spaced page) |