Multiple choice

Goods which are in existence at the time of the Contract of Sale is known as

  1. present goods

  2. existing goods

  3. specific goods

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the Sale of Goods Act, 'existing goods' are goods that are in existence at the time of the contract of sale. This is the standard terminology used to describe goods that are owned or possessed by the seller at the time of contract formation.

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