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Bus 303 - Business Law II - Chapter 13

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Future Goods

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Terms in this set (57)

are goods that are not yet in existence or under the control of people

Several sales contracts usually occur for a particular item

before the item reaches the consumer and sometimes even after it reaches the consumer

A gift is not considered a sale

because it is not given for a price, even though title passes..

A bailment (item left at store to be sold on consignment) does not meet the definition of a sale

because title does not pass between the parties

The UCC applies when a contract is a contract

for the sale of goods