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Sales of Goods Act 1930
Corporate & Other Laws
Under the different types of goods, there is a section called as contingent goods. It meant that goods might or might not be obtained by the seller. I was confused about the last part where the word 'seller' was used. Can you tell me why is it seller and not the buyer because doesn't it depends on the buyer whether he will purchase the goods or not.
Answers (3)
Sahibdeep Singh
Seller has to obtain the goods so that he can deliver them to buyer. Example: A agrees to sell to B a Picasso painting provided he is able to purchase it from its present owner. This is a contract for the sale of contingent goods
Can you give some examples of contingent events (how does it take place in real life);since, isn't the seller sure that he will get the item and then only he will sell to another buyer.
Thread Starter
Shiv PanditCan you give some examples of contingent events (how does it take place in real life);since, isn't the seller sure that he will get the item and then only he will sell to another buyer.
In practical life, there are a lot of such contingent goods. Say you as a trader contract with a retailer to supply wheat from a particular farmer next season. Or goods arriving in a particular ship!
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