A contract for the sale of “future goods” is
Answers
Answer:
Hey Mate !
In sec 2(6) of the Act, future goods have been defined as the goods that will either be manufactured or produced or acquired by the seller at the time the contract of sale is made. The contract for the sale of future goods will never have the actual sale in it, it will always be an agreement to sell.
Explanation:
Hope it helps u
#Keep smiling :)
Ques: A contract for the sale of “future goods” is
a) sale
b) agreement to sell.
c) void.
d) hire-purchase contract.
Answer:
The correct answer is option b) agreement to sell.
It is similar to a sales contract, but it is more detailed and legally enforceable than a simple sale. The amount a buyer agrees to pay for products or the fulfilment of some form of condition is clearly stated in a contract to sell.
Explanation:
Future goods are products that the Seller will make or acquire after the sale contract is signed.
Sales Agreement: A sales contract, also known as a sale of goods contract, sales agreement, or purchase agreement, describes the conditions of a transaction between two parties: the buyer and the seller.
It is a document that specifies the terms of a transaction between a buyer and a seller. A sales agreement contract, sale of products agreement, sales agreement form, buy agreement, or sales contract is another name for it.
#SPJ3