Question

What is the relationship between specific goods, un ascertained goods and existing and future goods.

Answer 1

Answer:

These goods are the ones that are physically present at the time of contract for sales. Ascertained goods: Good that are not included in the sales contract before coming into the market. Specific goods: Goods that are entered into the contract before the sales occurs.

Answer 2

Answer:

☑ Specific goods are those goods which are identified and agreed upon at the time a contract of sale is made. The keyword here is “at”. Ascertained goods are those goods which are identified in accordance with the agreement after the contract of sale is made.