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Should We Use Bitcoin To Buy Our Goods?

By Makeda Brown - Law Student @ Queens' College, Cambridge


The Sale of Goods Act 1979 (SGA 1979) is a key governing statute in commercial law, providing a standardised framework for the buying and selling of goods between businesses, thus regulating trade. The Act defines the sale of goods as “…a contract by which the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration, called the price.”