Home » Eng Accounting » G » Goods


The definition of ‘goods’ is important because of the obligations imposed and the protection offered by the Sale of Goods Act 1893. Goods are generally personal chattels, emblements, industrial growing crops and ships, but not choses-in-action or money. Contracts for the sale of goods should be distinguished from contracts for work and materials, which are not governed by the Sale of Goods Act. The test is, whether the payment was made for the work done rather than for the materials supplied. A contract for work done where the materials are incidental, e.g. the painting of pictures, will be a contract for work and materials.

Reference: The Penguin Business Dictionary, 3rd edt.