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Section 6: Existing or future goods in sale contracts

6.Existing or future goods

(1)The goods which form the subject of a contract of sale may be existing goods owned or possessed by the seller, or goods to be manufactured or acquired by the seller after the making of the contract of sale, in this Act called "future goods".

(2)A contract for sale of goods may be made where, the acquisition of such goods by the seller depends upon a contingency which may or may not happen.

(3)Where the seller in a contract of sale of goods or supplier in a contract for the supply of services purports to effect a present sale of future goods or to supply future services, the contract operates as an agreement to sell the goods or supply of services.

(4)A contract for the supply of services may be made where, the acquisition of such service by the supplier depends upon a contingency which may or may not happen.

Plain English Summary

Goods that are the subject of a sale can already exist and be owned or held by the seller, or they can be goods the seller plans to make or get later ...

AI-generated, for reference only.

🔍Search Tips
  • • Search by keyword: "land", "tax", "arrest"
  • • Use exact phrases: "land commission"
  • • Enter citations: 45, 45(3)(a), 45:3:a
  • • Press / to search, Esc to close

Searching within Sale of Goods and Supply of Services Act. Faster results.