Meaning of Goods Under the "Sale of Goods Act, 1930"

Goods (Section 2(7)) means every kind of movable property other than actionable claims and money.
Goods include:

1. Stock,

2. Shares,

3. Growing crops,

4. Grass, and

5. Things attached to land.

Actionable claims mean where some action, such as recovery by auction or refunds, can be initiated to realize the claim.
An actionable claim refers to any claim in a movable property that can be enforced through the courts. Assets that are not in the possession of the owner but can be claimed after filing a case in a court of law.

For example:

1. Claims for arrears of rent

2. The benefits of an executory contract for the purchase of goods

3. An option to repurchase sold property

4. REPOs (Repurchase of Securities)

5. Dividend on shares

6. Insurance money

7. Share in partnership property