International Sale of Goods

International Sale of Goods

Introduction

Rules, regulations and Laws have already existed in this world with respect to each era, which the world and its inhabitants have lived through and endured. However, Practices pertaining to numerous domains have drastically altered, more significantly since the advent of the phenomenon of internationalization, and specifically the globalization. The pivotal alterations brought along by the marvel of the advancement of technology equipped with the factor of globalisation, played a pivotal role in broadening the horizons of the inhabitants of the world. These broadened horizons have enabled them to acknowledge their rights and duties, and the respective specification while dealing with each other. This acknowledgement and profound insight pertaining to their rights and duties towards others, have been a pivotal factor in paving new dimensions and courses for the innovative laws and regulations, which might have existed earlier, as well, but with a negligible magnitude.

In this paper, an astute endeavour will be undertaken to devise pertaining strategies and the actions to the respective parties that are in compliance with the scenario and the case under discussion. For instance, with respect to the first scenario in which the product that is required by the Benedict traders of London turns out to be in imperfect and undesirable condition; this study will comprehend the scenario and the case, under the pivotal aspects of the sales of goods act 1979, and the pertaining case law. Similar approach will pertain to the second scenario, in which the case of the rejection of documents by the bank is under discussion; even that case will be astutely comprehended and understood under the light and governance of the relevant laws, and hence, after assimilating the situation with respect to the pertaining laws, a relevant verdict or suggestion will be brought forward.

International Sales of Goods

As discussed earlier, as the mankind progressed it paved way for new laws and regulations to be implemented, in order to make this world a dwelling for the civilised beings, rather than savages. In the similar context, globalisation and international relations paved ways for new laws to emerge, in order to facilitate the sound working and execution of the sales of goods and trade between the international parties.

Before jumping on to the conclusions driven for the given scenarios, it is highly imperative that a naïve mind is acquainted with the core specs of the sales of goods act 1979, and its relevant entailments. With respect to the sales of goods, the Act is applicable on all the respective scenario, pertaining to the contracts in which the sale of goods has taken place, irrespective of either it involves the business transaction between major local or international parties, or the consumer transactions.

On a broader level, it can be assimilated that the core purpose of the sale of goods act 1979, resides in the provision or rendering the room for the imperative missing terms, which the involved parties might have over looked, or considered trivial, while ...