Multiple choice

Contingent goods are a type of

  1. specific goods

  2. ascertained goods

  3. generic goods

  4. future goods
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Future goods are yet to be manufactured or acquired. Contingent goods are dependent on future contingency which may or may not arise. Generic or unascertained goods are not identified at the time of contract of sale. Specific goods are those which are identified at the time of contract. Ascertained goods are identified subsequent to such contract.

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