Define the terms goods explain the three types of goods act 1930
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till 1930 transaction relating to sale and purchase of goods were regulated by the Indian contract act,1872.
existing good- the good that are referred to in the contract of sale are termed as existing good .
future good- future good have been defined as the good that will either be manufactured or produced or acquired by the seller .
contingent good- contingent good are actually a subtype of future good in the sense that in contingent goods the actual sale is to be done in the future.
existing good- the good that are referred to in the contract of sale are termed as existing good .
future good- future good have been defined as the good that will either be manufactured or produced or acquired by the seller .
contingent good- contingent good are actually a subtype of future good in the sense that in contingent goods the actual sale is to be done in the future.
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