Sale of Goods — full notes
Introduction to Law and Governance · Sale of Goods
Sale of Goods
1. Nature of the contract of sale of goods
A specific type of contract, governed by general contract law principles plus rules specific to transferring ownership of goods for a price.
2. Types of goods
| Type | Meaning |
|---|---|
| Existing goods | Owned or possessed by the seller at time of contract |
| Future goods | To be manufactured or acquired after the contract |
| Specific goods | Identified and agreed at time of contract |
| Unascertained goods | Defined by description only, not yet specifically identified |