BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Specific Goods
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Future Goods
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Certain Goods
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Uncertain Goods
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Detailed explanation-1: -1) Specific Goods: The goods which are specifically identified at the time of formation of the contract for sale of goods are called specific goods. In case of specific goods the contract of sale is in respect of only those goods and the same goods are to be delivered by the seller to the buyer and not the similar one.
Detailed explanation-2: -Goods which are identified at the time of contract are known as Specific goods.
Detailed explanation-3: –(1) A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another. (2) A contract of sale may be absolute or conditional.
Detailed explanation-4: -b) Specific goods are those that are identified at the time the contract of sale is made.
Detailed explanation-5: -Specific Goods: These are those goods which are separately identified and agreed upon at the time of sale. Example: You decided to purchase a good day biscuit and you went to the shop, paid for it, and took the delivery.