What is meant by goods? . What is a Contingent Goods? III.
Short Answer Questions: . Discuss in detail about existing goods. . Discuss the implied conditions and warranties in sale of goods contract.
IV. Long Answer Questions: . Explain in detail the elements of Contract of sale. .
Distinguish between Conditions and Warranty. 12th Commerce Unit - - . . AM The word ‘Negotiable’ means transferable from one person to another in return for consideration.
The word ‘Instrument’ means a written document by which a right is created in favour of certain person. Thus, a negotiable instrument is a document which entitles a person to a certain sum of money and which is transferable from one person to another by mere delivery or by endorsement and delivery. The terms delivery and endorsement has been explained Let a man listen, never so little, to good (instruction), even that will bring him great dignity.