Sale of Goods Act

Professional Legal Knowledge

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Indian Economy - Understanding the basics of Indian economic system

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