s 10
In forceExisting or future goods
Part ISale of goods
Division 2Formation of the contract
10 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 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.
No. 3694 s. 11.
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