What is contingent goods in simple words

Question

Nikhilesh · Answer

I agreed to sell you apples but the apples are yet to produce those apples are contingent goods

Naganiharika · Answer

Tquu

Naganiharika · Answer

Yeah

Mahek · Answer

I hope it is clear to you..

Naganiharika · Answer

Okk

Mahek · Answer

I want to sell an activa to you .. so I gave you keys of that Activa...it is called symbolic delivery. Where some related access to the goods are transferred

Naganiharika · Answer

Can u say constructive and symbolic delivery??

Naganiharika · Answer

Thank youu

Naganiharika · Answer

Ook

Mahek · Answer

When this knowledge is came to know , such goods are treated as contingent goods.

Mahek · Answer

When I sold you some goods and the goods are at godown, the keeper of the godown informed you that now onwards he is holding goods on behalf of you(buyer) and not on the behalf of me(seller)

Naganiharika · Answer

Can u say it simple words rather than in law words

Nothing · Answer

type of future good that are dependent on a specific event or condition

Kameshwaran. · Answer

The Contracts Based on Future Uncertain Event

Notes · Answer

A agrees to sell a Picasso Painting to B,provided he is able to purchase from its present owner.This is a contract for the sale of contingent goods.

Salik · Answer

Contingent goods are those goods the acquisition of which is dependent upon a contingency, which or may not occur

What is contingent goods in simple words

16 answers

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