{"id":34676,"date":"2024-04-15T09:34:09","date_gmt":"2024-04-15T09:34:09","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34676"},"modified":"2024-04-15T09:34:09","modified_gmt":"2024-04-15T09:34:09","slug":"where-in-a-contract-of-sale-the-seller-purports-to-effect-the-present-sale-of-the-future-goods-the-contract-operates-as","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/where-in-a-contract-of-sale-the-seller-purports-to-effect-the-present-sale-of-the-future-goods-the-contract-operates-as\/","title":{"rendered":"Where in a contract of sale the seller purports to effect the present sale of the future goods, the contract operates as:"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9ecc44e8b03\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    a contract of sale                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    an agreement to sell the goods                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    a contact of sale or agreement to sell                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    it is not a valid contract                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: A. a contract of sale.<\/p>\n<p>A contract of sale <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> is an agreement between a buyer and a seller in which the seller agrees to transfer ownership of goods to the buyer in exchange for payment. The goods may be present or future goods. Present goods are goods that exist at the time of the contract. Future goods are goods that do not exist at the time of the contract but will be produced or acquired by the seller at a later date.<\/p>\n<p>In a contract of sale of future goods, the seller is obliged to deliver the goods to the buyer and the buyer is obliged to pay the price. The seller is also obliged to ensure that the goods are of satisfactory quality and fit for the purpose for which they are intended.<\/p>\n<p>The buyer is entitled to reject <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> the goods if they are not of satisfactory quality or fit for the purpose for which they are intended. The buyer is also entitled to damages if the seller fails to deliver the goods or if the goods are not of satisfactory quality or fit for the purpose for which they are intended.<\/p>\n<p>A contract of sale of future goods is a valid contract. However, the buyer may be able to rescind the contract if the seller fails to deliver the goods or if the goods are not of satisfactory quality or fit for the purpose for which they are intended.<\/p>\n<p>Option B, an agreement to sell the goods, is incorrect. An agreement to sell the goods is not a contract of sale. It is an agreement to enter into a contract of sale at a later date.<\/p>\n<p>Option C, a contact of sale or agreement to sell, is incorrect. A contract of sale is not the same as an agreement to sell. A contract of sale is a binding agreement, while an agreement to sell is not a binding agreement.<\/p>\n<p>Option D, it is not a valid contract, is incorrect. A contract of sale of future goods is a valid contract.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Where in a contract of sale the seller purports to effect the present sale of the future goods, the contract operates as:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/where-in-a-contract-of-sale-the-seller-purports-to-effect-the-present-sale-of-the-future-goods-the-contract-operates-as\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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