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

    Question

    According to Section 6 of Slae of Goods Act , which of

    the following correctly describes "existing goods" in a sale?
    A Goods that the seller intends to acquire in the future but does not currently own Correct Answer Incorrect Answer
    B Goods that are owned or possessed by the seller at the time of the sale Correct Answer Incorrect Answer
    C Goods that are to be manufactured or produced by the seller after the sale Correct Answer Incorrect Answer
    D Goods that have been sold but not yet delivered to the buyer Correct Answer Incorrect Answer
    E Goods that the seller is planning to sell in the future but has not yet possessed. Correct Answer Incorrect Answer

    Solution

    Sales of Goods Act: Section 6 Existing - are the goods which are owned or possessed by the seller at the time of the sale.

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