[amp_mcq option1=”Specific Goods – goods that are ‘identified and agreed upon’ when the contract of sale is formed” option2=”Ascertained Goods – defined by the judicial interpretation which have been selected from a larger set of goods” option3=”Unascertained Goods – goods that have been specifically identified but have rather been left to be selected from a larger group” option4=”Uncertain Goods – Goods which are not identified at the time of making the contract of sale are called uncertain Goods” correct=”option4″]
The correct answer is D.
Specific goods are goods that are ‘identified and agreed upon’ when the contract of sale is formed. For example, if you buy a car, the car you are buying is a specific good.
Ascertained goods are defined by the judicial interpretation which have been selected from a larger set of goods. For example, if you buy a dozen eggs, the eggs you are buying are ascertained goods because they have been selected from a larger set of eggs.
Uncertain goods are goods that have been specifically identified but have rather been left to be selected from a larger group. For example, if you buy a ton of coal, the coal you are buying is an uncertain good because it has been specifically identified (as a ton of coal) but has not yet been selected from a larger group of coal.
Uncertain goods are not goods which are not identified at the time of making the contract of sale. For example, if you buy a car, the car you are buying is a specific good, even if it has not yet been identified.
The statement “Goods which are not identified at the time of making the contract of sale are called uncertain Goods” is not true in the context of the Sales of Goods Act, 1930. Goods which are not identified at the time of making the contract of sale are called unascertained goods.