- 1 Marks
Question
Which of the following is a description of existing goods?
A. Goods that existed before the contract of sale
B. Goods which the manufacturers had agreed to produce for the seller
C. Goods that the buyer had identified in the market
D. Goods owned or possessed by the seller at the time of sale
E. Goods which the government has classified as marketable
Answer
D. Goods owned or possessed by the seller at the time of sale
Explanation:
Existing goods refer to those already in the seller’s possession at the time the contract is made.
- Tags: Contract of Sale, Sale of Goods
- Level: Level 1
- Topic: Sale of Goods
- Series: NOV 2012
- Uploader: Theophilus