alleryStart learning →Future goods are goods that the seller:
ABought from the buyer earlier
BWill make or acquire later
CAlready owns at the contract date
DHas stored in a warehouse now
Answer & Solution
Correct answer: B. Will make or acquire later
Future goods are those manufactured, produced or acquired by the seller after the contract is made.
Keep practising Sale of Goods Act: Formation of the Contract
Browse all Sale of Goods Act: Formation of the Contract questions for CA Foundation, or explore more Businesslaw topics.
Related questions
The Indian Sale of Goods Act, 1930 borrowed heavily from which law?In a sale by sample, the bulk must correspond with the sample in:In a sale by sample, the buyer is impliedly entitled to:A contract is a sale by sample when it has:An express warranty or condition, as to implied ones:An implied condition about quality or fitness may be annexed by:An implied condition of merchantable quality applies if goods are bought from a seller whoAn implied condition of fitness arises when the buyer: