existing goods

existing goods

in the law of sale of goods, goods owned and possessed by the seller. These differ from FUTURE GOODS, which are goods to be manufactured or acquired by the seller after the contract is made. Whether goods are existing or future goods is of importance in matters such as the passing of property and risk and whether the bargain relating to them is a contract of sale or an agreement to sell.
Mentioned in ?
References in periodicals archive ?
This framework agreement is for the provision of Lift Maintenance Services to cover the inspection, testing, servicing, maintenance, repairs, upgrades and refurbishment of existing goods and passenger lifts, elevators, dumb waiters, scissor lifts, stair lifts, escalators and other related equipment for vertical transportation for a period of 4 years.
In addition, consumers have the right to access the statement of all the existing goods in the shop which shows the price before and after discounts and the approved discount rate.
Major Al Mansouri said fake products not only harm the original manufacturers but also the economy as they depreciate the brand and depreciate the value of existing goods.
The effect of the Order that comes into force on the 4 May 2015 will be to convert the existing goods vehicle only loading bays located on the west side of High Street and the south side of Jackson Street Gateshead; to loading only bays for all vehicles, between the hours of 6.
WHILST Mr Lord certainly has a good point with regard to opening a railway station by Walton Hall Park, perhaps another suggestion would be the bringing back into use of a plan originally muted when all talk was of LFC's fated new stadium in Stanley Park - the re-building of the old station on the already existing goods line close to the bridge at the junction of Stanley Park Avenue South and Cherry Lane.
After the rollback of PaCCS from the trading terminals, all the existing Goods Declarations (GDs) were on PaCCS remains unclear, says a press statement on Sunday.
They could stay competitive and get a much higher margin than on existing goods," he said.
Yet nearly 60 per cent of respondents were pinning their hopes on developing new markets for their existing goods or services as a strategy.
Many popular discussions of globalization revolve around jobs, while more academic debates about the benefits of international trade focus on the lower prices of existing goods.
Under this mode of development, a country or firm purchases foreign technology and then actively learns to use it, leading to process improvements and higher quality production of existing goods.
On-Demand Manufacturing is a new DoD EMALL feature that allows customers to contact suppliers who do not have an existing goods inventory.
If we get a lot of applications from traders we'll use ones that complement existing goods in the area.