Queensland Consolidated Acts

SALE OF GOODS ACT 1896 - SECT 8

8 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) When 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.