Section 6 of the Sale of Goods Act, 1930 – Existing or future goods

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Section 6: 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.

Source: official text of The Sale of Goods Act, 1930 as published on India Code (PDF). All sections of the Sale of Goods Act, 1930.

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