The Sale of Goods Act, 1930
Chapter-II Formation of the Contract
Subject-matter of Contract
Section 8: Goods perishing before sale but after agreement to sell.
8. Where there is an agreement to sell specific goods, and subsequently the goods without any fault on the part of the seller or buyer perish or become so damaged as no longer to answer to their description in the agreement before the risk passes to the buyer, the agreement is thereby avoided.
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