. Types of Goods The term goods mean every kind of movable property other than actionable claim and money. The term actionable claim means debt secured by a mortgage of immovable property, Fixed Deposit Receipt, Dividend Due on Shares, Amount due under LIC policy, Claim for rent which falls due in future etc., The term good includes shares, stocks, growing crops, grass, things attached to the land or forming part of the land agreed to be cut off from the land before sale (eg. trees grown on the land agreed to be sold after harvest), goodwill, copyright, trade mark, patents, water, gas, electricity, power etc., under the contract of sale.
12th Commerce Unit - - . . AM