Cap. 26activeordinance

Sale of Goods Ordinance

貨品售賣條例

Full legislation

s.3

Sale and agreement to sell

(1)
A contract of sale of goods is a contract whereby the seller transfers or
                agrees to transfer the property in goods to the buyer for a money consideration,
                called the price. There may be a contract of sale between one part owner and
                another.
(2)
A contract of sale may be absolute or conditional.
(3)
Where under a contract of sale the property in the goods is transferred from
                the seller to the buyer, the contract is called a sale; but where the transfer of
                the property in the goods is to take place at a future time or subject to some
                condition thereafter to be fulfilled, the contract is called an agreement to
                sell.
(4)
An agreement to sell becomes a sale when the time elapses or the conditions are
                fulfilled subject to which the property in the goods is to be transferred.