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CSEET · Business Laws and Management · Elements of Law relating to Sale of Goods

Match the type of sale-related situation in List I with the correct description in List II. List I: (P) Specific goods; (Q) Future goods; (R) Goods sent on approval. List II: (1) Property passes when buyer signifies approval or adopts the transaction; (2) Goods identified and agreed upon at the time of contract; (3) Goods to be manufactured or acquired by the seller after making the contract.

The correct matching is P-2, Q-3, R-1. Specific goods are identified at the time of contract, future goods are to be made or acquired by the seller afterwards, and goods on approval pass property when the buyer signifies approval or adopts the transaction.

  1. AP-2, Q-3, R-1Correct
  2. BP-3, Q-2, R-1
  3. CP-2, Q-1, R-3
  4. DP-1, Q-3, R-2

Explanation

Specific goods are identified and agreed upon at the time of contract (P-2). Future goods are those to be manufactured or acquired by the seller after the contract is made (Q-3). Goods on approval pass property when the buyer signifies approval or does an act adopting the transaction under Section 24(a) (R-1).

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