Victorian Consolidated Legislation

Goods Act 1958 - SECT 10

Existing or future goods

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.