3. Contingent Goods

. Contingent Goods Contingent goods are the goods, the acquisition of which by the seller depends upon a contingency (an event which may or may not happen). Contingent goods are a part of future goods. Eg.‘A’ agrees to sell a particular painting work, provided he gets from ‘C’. In this case, the painting work represents contingent goods. Similarly a rice merchant agrees to supply bags of basmathi rice from Pakistan if he get supplies. In this case, basmathi rice representing contingent goods may or may not be available to the rice merchant. 12th Commerce Unit - - . . AM