Under the Sale of Goods Act, existing goods have been defined as goods owned or possessed by the seller. Following this defintion, can it be said that the word existing has the same meaning with in existence in an everyday sense?

Question

Under the Sale of Goods Act, existing goods have been defined as goods owned or possessed by the seller. Following this defintion, can it be said that the word existing has the same meaning with in existence in an everyday sense?
Question 6Answer

a.
FALSE

b.
Not applicable

c.
TRUE

d.
It does not matter

GPT 3.5 · Answer

c. TRUE

The definition of existing goods under the Sale of Goods Act specifically refers to goods owned or possessed by the seller, whereas in everyday language, "in existence" may have a broader or more general meaning. So, the two terms may not have the exact same meaning in every context.