Sale of Goods Ordinance

(1)
The goods which form the subject of a contract of sale may be
                either existing goods, owned or possessed by the seller, or goods to be manufactured
                or acquired by the seller after the making of the contract of sale, in this
                Ordinance called “
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.