specific goods

specific goods
goods identified and agreed on at the time a contract of sale is made are ascertained goods. Unascertained goods can become ascertained goods, which occurs when goods of the description and in a deliverable state are unconditionally appropriated to the contract, either by the seller with the consent of the buyer or the buyer with consent of the seller.

Collins dictionary of law. . 2001.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • specific performance — see performance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. specific performance …   Law dictionary

  • Specific performance — is an order of a court which requires a party to perform a specific act, usually what is stated in a contract. It is an alternative to award/ for awarding damages, and is classed as an equitable remedy commonly used in the form of injunctive… …   Wikipedia

  • Specific Identification — is a method of finding out ending inventory cost. It requires a very detailed physical count, so that the company knows exactly how many of each goods brought on specfic dates remained at year end inventory. When this information is found, the… …   Wikipedia

  • Goods shed — A goods shed is a railway building designed for storing goods before or after carriage in a train.A typical goods shed will have a track running through it to allow goods wagons to be unloaded under cover, although sometimes they were built… …   Wikipedia

  • specific — adj. & n. adj. 1 clearly defined; definite (has no specific name; told me so in specific terms). 2 relating to a particular subject; peculiar (a style specific to that). 3 a of or concerning a species (the specific name for a plant). b possessing …   Useful english dictionary

  • specific duty — Duty based on a unit quantity (for example litre or kilogram) of the imported goods. HM Customs & Revenue Glossary * * * specific duty specific duty ➔ duty * * * specific duty UK US noun [C or U] TAX ► SPECIFIC TAX(Cf. ↑specific tax) …   Financial and business terms

  • Specific duty — Duty Du ty, n.; pl. {Duties}. [From {Due}.] 1. That which is due; payment. [Obs. as signifying a material thing.] [1913 Webster] When thou receivest money for thy labor or ware, thou receivest thy duty. Tyndale. [1913 Webster] 2. That which a… …   The Collaborative International Dictionary of English

  • specific — [spə sɪfɪk] adjective 1》 clearly defined or identified.     ↘precise and clear: when ordering goods be specific.     ↘relating uniquely to a particular subject. 2》 Biology relating to or connected with species or a species. 3》 (of a duty or a… …   English new terms dictionary

  • Cost of goods sold — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Sale of Goods Act 1979 — The Sale of Goods Act 1979 is a British Act of Parliament (1979, ch 54) which regulates contracts in which goods are sold and bought. The Act consolidates the Sale of Goods Act 1893 and subsequent legislation, which in turn consolidated the… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”