According to Sale of Goods Act, which two of the following are defined as 'goods'? (a) Moveable…
Under Section 2(7) of the Sale of Goods Act, 1930, 'goods' means every kind of movable property other than actionable claims and money, and explicitly includes stock and…
Choose your answer
According to Sale of Goods Act, which two of the following are defined as 'goods'?
(a) Moveable property
(b) Growing crops
(c) Actionable claims
(d) Book debt
Choose your answer from the following options:
Answer and explanation
Correct answer C
Under Section 2(7) of the Sale of Goods Act, 1930, 'goods' means every kind of movable property other than actionable claims and money, and explicitly includes stock and shares, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale. Actionable claims and book debts are excluded from the definition of goods.
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UGC NET Commerce