sale, in law

sale, in law, transfer of ownership in return for money. An exchange of goods for goods is termed barter, but the distinction between sale and barter is mainly technical; laws that govern one govern the other equally. Sale and barter are distinguished from the giving of a gift gift, in law, voluntary transfer of property from one person to another without any compensation for it and without any obligation of an agreement or contract. The one who gives is the donor; the one who receives the gift, the donee.
..... Click the link for more information. , which involves no valuable consideration. Laws governing sales distinguish fundamentally between sales of real property property, rights to the enjoyment of things of economic value, whether the enjoyment is exclusive or shared, present or prospective. The rightful possession of such rights is called ownership.
..... Click the link for more information. and sales of personal property. If nothing is said to the contrary, the law of sales is understood to be the law of sales of personal property, sales of real property being governed by real-estate law. Delivery of goods sold passes title title, in law, the means by which the owner has just and legal possession of his or her property. It is distinct from the document (e.g., a deed) that is evidence of the title.
..... Click the link for more information. to the goods, even though full payment has not been made; the seller may sue for the amount due him, but cannot recover the goods. A contract may provide, however, that the goods, though delivered, remain the property of the seller until full payment for them has been made. By a contract, one may purchase goods not yet in existence, e.g., the crop that a farmer will grow in his field. Sales are governed by the Uniform Commercial Code in all U.S. jurisdictions, except Louisiana.

Sale, town, England

Sale, town (1991 pop. 57,872), Trafford metropolitan district, W England. It is a residential suburb of Manchester, known for its cookies.

sale

1. the exchange of goods, property, or services for an agreed sum of money or credit

2. the amount sold

3. the opportunity to sell; market

4. the rate of selling or being sold

a. an event at which goods are sold at reduced prices, usually to clear old stocks

b. (as modifier): sale bargains

6. an auction

Sale

1. a town in NW England, in Trafford unitary authority, Greater Manchester: a residential suburb of Manchester. Pop.: 55 234 (2001)

2. a city in SE Australia, in SE Victoria: centre of an agricultural region. Pop.: 12 854 (2001)

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sale, in law

Sale, town, England

sale