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Sale of Goods Act 1908  168
Commenced: 4 Aug 1908
I: Formation of the Contract
Subject-matter of Contract
7   Existing or future goods





                        Subject-matter of Contract

   7. Existing or future goods---(1) The goods which form the subject of
 a contract of sale may be either existing goods, owned or possessed by
 the seller, or goods to be manufactured or acquired by the seller after
 the making of the contract of sale, in this Act called ``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.
     Cf. 1895, No. 23, s. 7
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