Question

Classification of goods depend on the???

Answer 1

Explanation:

There are three main types of goods: existing goods, future goods, and contingent goods.

Answer 2

The classification of goods depends on the existing goods, future goods and contingent goods

Explanation:

• The existing goods are goods that belong to the seller at time of selling and the contracting. The existing goods are which are physically present and can be put into the category of specific goods and goods which are "Unascertained"
• The future goods are which are yet to be manufactured and exist and be physically present. Once they are manufactured they will then belong to the seller and would be part of the contract. Therefore they are termed as future goods
• The contingent goods are also part of the future goods but they are to be present and these are goods that are needed for a certain reason. These goods for the contingency need to be fulfilled by the buyer according to contract of sale

To know more about classification of goods

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