Which one is specific good and which one is unascertain goods? The study material says that 100 bales cotton is unascertain And 300 tons of wheat are specific good But how ? Both are same means both a

It's · 10 Jun 2025

Hey I know you're confused about specific goods and unascertained goods. Let's break it down in simple terms: Specific Goods: - Goods that are already identified and agreed upon. - Example from ICAI module: Samsung Galaxy S7 edge (a specific phone model). Unascertained Goods: - Goods that are not identified yet, but will be selected later. - Example from ICAI module: 100 packets of salt out of a larger stock (the specific packets aren't identified yet). In the ICAI module: - 100 bales of cotton are actually considered *ascertained goods* (not unascertained). - Salt packets are an example of unascertained goods Think of it like this: if you're buying a specific phone model, it's specific goods. But if you're buying salt packets from a larger stock, it's unascertained goods because the specific packets aren't identified yet.