Question

Difference between future goods and contingent goods

Answer 1

FUTURE GOODS

Goods to be manufactured or acquired by a seller after a contract of sale has been made. Future goods must be distinguished as the subject of a contract of sale from existing goods, which are owned or possessed by a seller. From: future goods in A Dictionary of Law.

CONTINGENT GOODS

The contingent goods are a type of future goods. In this case, the acquisition of goods by the seller depends upon the uncertain contingencies, i.e., upon uncertain events which may or may not happen. Example. Paul agreed to sell to John certain goods, which are to be arrived by a ship.

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Answer 2

Difference between future good and contingent good

Explanation:

• future good as the name itself suggests are not with the seller when the contract is being made, he has acquire them or produce them and hence they will be delivered to the buyer on the later date mentioned int the contract.
• contingent good on the other hand are type of future good. they are termed contingent because their acquisition depends upon some contingent situation which may occur or not. the contract will execute only when such contingent occurs.

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Future good and contingent good

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