The Sale of Goods Act defines a "contract for the sale of goods" as:

a. A seller transfers goods or agrees to transfer goods to the buyer where the price paid by the buyer is fair market value

.b. A seller transfer goods or agrees to transfer goods to the buyer for money consideration, called the price.

c. A buyer transfer goods or agrees to transfer goods to the seller for money consideration, known as the price.

d. A seller exchanges goods of equal value with the other contracting party.