Sale of Goods Act,1930

Act No : 3

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Section : Existing or future goods

6.Existing or future goods.-(1) The goods which form the subjectof a contract of sale may be either existing goods, owned or possessedby the seller, or future goods. (2)There may be a contract for the sale of goods the acquisitionof which by the seller depends upon a contingency which may or may nothappen. (3) Where by a contract of sale the seller purports to effect apresent sale of future goods, the contract operates as an agreement tosell the goods.

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