The definition of 'goods' under the Sale of Goods Act, 1930, is crucial. It includes all movable property other than actionable claims and money, and excludes things attached to the land unless they are to be severed before sale.
Assertion [A]: 'Goods' means every kind of movable property including actionable claims and money and excludes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before sale or under contract of sale. Reason [R]: Above principle is laid down in Section 2(7) of the Sale of Goods Act, 1930.
Asked in Paper I 4 · Topic: Nature of Indian Economy (Openness of Economy and Integration with Global Markets)
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