In any type of contract or quotation,goods stipulated as ready for delivery and clearly identifiable are

Question

Quizplus · Accepted Answer

Ascertained goods refer to goods that have been identified and agreed upon by both the buyer and seller. They are typically ready for delivery and clearly identifiable. This term is often used in contracts and quotations to specify the exact goods being sold and transferred between parties. FOB, CIF, and COD are all different shipping and payment terms that may be included in a contract or quotation, but they do not necessarily indicate that the goods are ascertained. The five rules of title transfer are not relevant to this question.

In Any Type of Contract or Quotation,goods Stipulated as Ready