BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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bulk goods
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transfer goods
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merchant goods
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identified goods
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Detailed explanation-1: -(13) “seller” means a person who sells or agrees to sell goods; (14) “specific goods” means goods identified and agreed upon at the time a contract of sale is made; and.
Detailed explanation-2: -2) Ascertained goods: The goods which are identified and agreed upon after the formation of contract of sale of goods are called ascertained goods. 3) Unascertained goods: The goods which are not identified and agreed upon at the time when the contract of sale is made are called unascertained goods.
Detailed explanation-3: -If land that has crops growing on it is sold, those crops are not usually considered goods, because they are not “severed before sale or under contract of sale, ” which is required by Section 61 of the Sale of Goods Act.
Detailed explanation-4: -’Goods’ is defined as per Section 2 (7) of the ‘Act’ as. “Every kind of movable property other than actionable claims and money; and includes stock and shares, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale.”