Hong Kong Ordinances

SALE OF GOODS ORDINANCE - SECT 7

Existing or future goods

Subject-matter of contract

(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.

(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".