Multiple choice

Contingent goods are a type of

  1. specific goods

  2. ascertained goods

  3. generic goods

  4. future goods

  5. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Option (1) is incorrect: Specific goods are those which are identified at the time of contract.

Option (2) is incorrect: Ascertained goods are identified subsequent to such contract.

Option (3) is incorrect: Generic or unascertained goods are not identified at the time of contract of sale. Option (4) is correct: Future goods are yet to be manufactured or acquired. Contingent goods are dependent on future contingency, which may or may not arise.

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