Goods That Are Already in Existence but Which Are to Be

question 45

True/False

Goods that are already in existence but which are to be sold at a future date are known as future goods.

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Definitions:

Disappointment

The feeling of sadness or displeasure caused by the nonfulfillment of one's hopes or expectations.

Delivering Bad News

The process of communicating unfavorable or disappointing information in a considerate and tactful manner.

Fair and Reasonable

Terms and conditions or prices that are just, equitable, and not excessive.

Bad News

Unwelcome or disheartening information that needs to be communicated with sensitivity.