Question

Viru agrees to buy the crop of rice that would yield in Y's farm located in Punjab at the rate of Rupees $2000$ per $100$ kg. This deals under _______________ of the sale of Goods Act, $1930$

• A. Agreement for sale of present goods
• B. Contract of sale
• C. Agreement for sale of future goods
• D. None of the above

Answer 1

The correct option is C Agreement for sale of future goods

Viru agrees to buy the crop of rice that would yield in Y's farm located in Punjab at the rate of Rs 2000 per 100 kg. This deals under agreement for sale of future goods of the sale of Goods Act, 1930. In this case, the goods are future goods as future goods refer to those goods which are to be delivered in a future date. Future goods are not delivered when the contract of sale is made.