Goods which are physically in existence and which are in the seller rsquo s ownership and or possess...........

Commercial and Business Laws Sale of Goods Act

Goods which are physically in existence and which are in the seller’s ownership and / or possession, at the time of entering in to a contract of sale are called ______.

existing goods

non-existence goods

future goods

contingent goods

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Explanation:

- Option 1: existing goods

These are goods that already exist and are owned or possessed by the seller when the contract is made. They are physically present and available.

- Option 2: non-existence goods

These refer to goods that do not exist at all when the contract is made. Such contracts are generally void.

- Option 3: future goods

Goods that will be manufactured, produced, or acquired by the seller after the contract of sale is made. They are not present at the time of contract.

- Option 4: contingent goods

These are goods whose acquisition by the seller depends on an uncertain event.