Multiple choice

The goods which are identified subsequent to the formation of contract of sale are called

  1. ascertained goods

  2. unascertained goods

  3. future goods

  4. specific goods
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A Correct answer
Explanation

Option (1) is correct: Goods ascertained after the formation of contract are called ascertained goods.

Option (2) is incorrect: Unascertained goods are those that are not identified at the time of formation of contract.

Option (3) is incorrect: Future goods are those that are yet to be produced. Option (4) is incorrect: Specific goods are those that are identified and specified at the time of formation of contract.

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