Mera Samvidhaan All of Sale of Goods Act, 1930

Chapter II · Formation of the Contract

6Existing or future goods.

Section 6 · Chapter II · Subject-matter of contract · page 5 of the Act

(1) The goods which form the subject of a contract of sale may be either existing goods, owned or possessed by the seller, or future goods.

(2) There may be a contract for the sale of goods the acquisition of which by the seller depends upon a contingency which may or may not happen.

(3) Where by a contract of sale the seller purports to effect a present sale of future goods, the contract operates as an agreement to sell the goods.

Section 6 of The Sale of Goods Act, 1930 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.