FORMATION OF THE CONTRACT
Subject-matter of Contract.
Existing of future goods
6. (1) The goods which form the subject of a contract of sale may be either existing goods, owned or possessed by the seller, or future goods.(2) There may be a contract for the sale of goods the acquisition of which by the seller depends upon a contingency which may or may not happen.
(3) Where by a contract of sale the seller purports to effect a present sale of future goods, the contract operates as an agreement to sell the goods.
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Ministry of Law, Justice and Parliamentary Affairs