Multiple choice

Goods which are in existence at the time of the contract of sale are known as

  1. Existing goods

  2. Future goods

  3. Specific goods

  4. None of above

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A Correct answer
Explanation

Existing goods are goods that are in existence at the time the contract of sale is made. This distinguishes them from future goods (which don't exist yet) and specific goods (which are identified and agreed upon).