Multiple choice

Which of the following are covered under the definition of goods?

  1. Food supplied by airlines to customers

  2. Claim for the prize of lottery tickets

  3. Old coins

  4. Current currency notes
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Option (1) is incorrect: Food supplied by airlines to customers is a part of services. Option (2) is incorrect: Claim for prize is an actionable claim. Therefore, it does not come under the definition of goods. Option (3) is correct: Old coins, which have ceased to be legal tender, are goods. Option (4) is incorrect: Current currency notes are money. Therefore, they are not goods.

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