BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stock
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Shares
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Growing crops
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Actionable claims
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Detailed explanation-1: -Actionable claims cannot be said to be included in the term “goods” defined under section 2(7) of the sale of goods act, 1930.
Detailed explanation-2: -[10] As per the English law only the former is included in the definition of “goods” whereas the latter which include commodities like shares, debentures, bills of exchange, and other negotiable instruments are excluded from the definition as they all are actionable claims.
Detailed explanation-3: -Which of the following cannot be said to be included in the term “goods” defined under section 2(7) of the Sale of Goods Act, 1930: Stock. Shares.
Detailed explanation-4: -Current money or currency notes.
Detailed explanation-5: -According to Sale of Goods Act, 1930, Goods means every kind of movable property including stock, shares, grass, growing crops and things attached to or forming part of the land which are to be severed from land. But it does not include any immovable property.