For a contract for the sale of goods to be considered a present sale, the

Question

Quizplus · Accepted Answer

For a contract for the sale of goods to be considered a present sale, the goods involved must be physically in existence and identifiable at the time of the contract. This means that the specific goods are already made and can be specifically identified as the items being sold. Future goods or goods that are yet to be manufactured or identified cannot constitute a present sale.

For a Contract for the Sale of Goods to Be