Mercantile Law help needed

ks136 (student) (43 Points)

27 June 2011  

Can sm1 explain these points 2 me plz

From: Sale of goods act 1930 6.

Existing or future goods.-

(1) The goods which form the subject of a contract of sale may be either existing goods, owned or possessed by the seller, or future goods.

(2) There may be a contract for the sale of goods the acquisition of which by the seller depends upon a contingency which may or may not happen.

(3) Where by a contract of sale the seller purports to effect a present sale of future goods, the contract operates as an agreement to sell the goods.

 

Problem in (2) and (3) of above and this point too plz

-A contract of sale may be absolute or conditional