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Which of the following goods is not in existence at the time of contract of sale?
- a)Specific goods
- b)Future goods
- c)Ascertained goods
- d)Contingent goods
Correct answer is option 'B,D'. Can you explain this answer?
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Which of the following goods is not in existence at the time of contra...
Future goods: Future goods are goods to be manufactured or produced or yet to be acquired by seller. There cannot be present sale in respect future goods because the property cannot pass.
Contingent Goods: Though a type of future goods, these are the goods the acquisition of which by the seller depends upon a contingency, which may or may not happen.
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Which of the following goods is not in existence at the time of contract of sale?a)Specific goodsb)Future goodsc)Ascertained goodsd)Contingent goodsCorrect answer is option 'B,D'. Can you explain this answer?
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