Goods that are manufactured or acquired by the seller after the contract of sale...
Goods that are manufactured or acquired by the seller after the contract of sale are?
The correct answer is C.
This question is asking about goods that are manufactured or acquired by the seller after the contract of sale.
In commerce, a contract of sale is an agreement between a buyer and a seller to exchange goods or services for a price. It establishes the terms and conditions of the sale, including the type of goods being sold, the quantity, and the price.
The question is asking which category these goods fall into. The options given are:
Option A: Specialty goods
Option B: Future goods
Option C: Specific goods (Correct)
Option D: General goods
To determine the correct answer, we need to understand the definitions of these terms.
Specialty goods refer to unique or uncommon goods that are not readily available in the market. These goods are often customized or tailored to meet specific needs or preferences. Examples of specialty goods include handmade crafts or custom-made furniture.
Future goods, on the other hand, are goods that are not yet in existence at the time of the contract of sale. They are goods that will be manufactured or acquired by the seller in the future. For example, if a car manufacturer agrees to sell a car that is yet to be produced, that car would be considered a future good.
Specific goods are goods that are identified and agreed upon at the time of the contract of sale. These goods are already in existence or are identified by their specific characteristics, such as brand, model, or quantity. They are different from future goods because they already exist or can be specifically identified.
Based on these definitions, the correct answer to the question is Option C: Specific goods. These are goods that are manufactured or acquired by the seller after the contract of sale but were already identified or agreed upon at the time of the contract.
It's important to note that general goods refer to goods that are not specifically identified or agreed upon at the time of the contract. They are goods that can be substituted with similar goods of the same kind and quality.
So, in summary, when goods are manufactured or acquired by the seller after the contract of sale, but were already identified or agreed upon at the time of the contract, they are considered specific goods.
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