Multiple choice

The term “goods” under Sale of Goods Act, 1930 does not include

  1. goodwill

  2. actionable claims

  3. stocks and shares

  4. harvested crops

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Sale of Goods Act, 1930 defines 'goods' as all kinds of movable property but explicitly excludes actionable claims, money, and stocks/shares. Actionable claims represent the right to sue (like debts, insurance claims) rather than physical property. Goodwill, stocks and shares, and harvested crops all fall within the definition of goods or movable property.