BL – Nov 2015 – L2 – SB – Q5c – Sale of Goods

List four types of goods as defined under the Sale of Goods Act.

Question

Under the Sale of Goods Act, “Goods means chattel-personal other than money”.

Required:

List FOUR types of goods.
(4 Marks)

Answer

Existing Goods:
These are goods that are physically present and owned by the seller at the time of the contract. They can be either identified or unidentifiable but must exist at the time of the sale.
Future Goods:
Future goods are goods that are not yet in existence at the time of the contract but are to be manufactured or produced in the future. For example, goods ordered to be made based on a specific contract.
Consumable Goods:
Consumable goods are items that are intended for consumption and cannot be used repeatedly. This includes perishable items like food and beverages.
Non-Consumable Goods:
Non-consumable goods are items that can be used over a period of time without being consumed, such as electronics, furniture, and vehicles.