Plain language law

New Zealand law explained for everyone

Contract and Commercial Law Act 2017

Sale of goods - Formation of contract - Contract of sale

120: Contract of sale of goods

You could also call this:

“Agreeing to sell something you own for money”

A contract of sale of goods is an agreement between you and someone else. In this agreement, you agree to give someone something you own, or promise to give them something you own. In return, they give you money. The money they give you is called the price. This kind of agreement is used when you want to sell things you own to someone else.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6844301.

Topics:
Business > Fair trading Money and consumer rights > Consumer protection
Previous

119: Interpretation, or

"Explaining important words and ideas about buying and selling things"

Next

121: Contracts of sale may be between one part-owner and another, or

"Part-owners can sell their share to each other"

Part 3 Sale of goods
Formation of contract: Contract of sale

120Contract of sale of goods

  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 (the price).

Compare