Sale of Goods Act, 1930
66. Savings
(1) Nothing in this Act or in any repeal effected thereby shall
affect or be deemed to affect-
(a) any right, title interest, obligation or
liability already acquired, accrued or incurred before the commencement of this
Act, or
(b) any legal proceedings or remedy in respect
of any such right, title, interest, obligation or liability, or
(c) anything done or suffered before the
commencement of this Act, or
(d) any enactment relating to the sale of
goods which is not expressly repealed by this Act, or
(c) any rule of law not inconsistent with this
Act.
(2) The rules of insolvency relating to contracts for the sale
of goods shall continue to apply thereto, notwithstanding anything contained in
this Act.
(3) The provisions of this Act relating to contracts of sale do
not apply to any transaction in the form of a contract of sale which is
intended to operate by way of mortgage, pledge, charge or other security.