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Ascertained goods is otherwise called as _______________ goods
specific
generic
future
none of the above
- Specific Goods (Option 1)
- Ascertained goods are typically referred to as specific goods.
- These are goods identified and agreed upon at the time a contract of sale is made.
- Example: Choosing a particular item out of a larger selection.
- Generic Goods (Option 2)
- These goods are not specifically identified at the time the contract is made.
- They are defined by description or kind, such as wheat or oil.
- Future Goods (Option 3)
- These are goods to be manufactured or acquired by the seller after the contract of sale is made.
- They do not yet exist at the time of the contract.
- None of the Above (Option 4)
- This option is irrelevant since ascertained goods are indeed called something specific.
Therefore, the correct answer is:
- Option 1: Specific Goods
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