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Sale OF Goods Act , 1930

Corporate & Other Laws

What is difference between Specified goods and Ascertained Goods ? Explain with example.

Varun Mulay

CA Inter

★ 38K+

26-Aug-21 09:37

283

Answers (1)

Best Answer

Specified [Sec 2(14)] - Goods individually identified and approved at the time of the contract. Ex: Selling a 20 yr antique piece in your house Ascertained - This is a type not defined by the law but by the judicial interpretation. This term is used for specific goods which have been selected from a larger set of goods. Ex : Selling all chairs from your house, out of that only two chairs are specifically ascertained for a contract

Sudha Reddy

CA Final

★ 20K+

26-Aug-21 09:58

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