📖 generic · 12th TN - English Medium · COMMERCE · Page 187example

2. Future Goods

Chapter 2: 2. Management Tools: · COMMERCE

. Future Goods These are goods which a seller does not possess at the time of contract of sale but which will be manufactured or produced or acquired by him after entering into the contract of sale agreement. Eg. ‘A’ contractor agrees to supply bags of rice to ‘B’ for giving marriage feast.

It is a case of future goods. Similarly where the bus company agrees to buy spare parts from a particular supplier, it is an example of future contract. Future goods represents unascertained goods.

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