New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Where by a contract of sale, the seller purports to

    effect a ………………… the contract operates as an agreement to sell
    A Present sale of existing goods Correct Answer Incorrect Answer
    B Future sale of existing goods Correct Answer Incorrect Answer
    C Present sale of future goods Correct Answer Incorrect Answer
    D Future sale of future goods Correct Answer Incorrect Answer
    E Present sale of existing and future goods Correct Answer Incorrect Answer

    Solution

    Section 6 of Sale of Goods Act Existing or future goods—(1) The goods which form the subject of a contract of sale may be either existing goods, owned or possessed by the seller, or future goods. (2) There may be a contract for the sale of goods the acquisition of which by the seller depends upon a contingency which may or may not happen. ( 3) Where by a contract of sale the seller purports to effect a present sale of future goods, the contract operates as an agreement to sell the goods.

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