sale(redirected from Asset Acquisition)
Also found in: Dictionary, Thesaurus, Legal, Financial.
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 giftgift,
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 propertyproperty,
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 titletitle,
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 (1991 pop. 57,872), Trafford metropolitan district, W England. It is a residential suburb of Manchester, known for its cookies.
Salé(sälā`), Arab. Sla, city (1994 pop. 579,850), NW Morocco, near Rabat. It has industries producing flour and fine carpets. The harbor was long a haven for pirates, who came to be called Sallee rovers.
a city on the Atlantic coast of Morocco, at the mouth of the Bou Regreg River; part of the capital city conurbation (Rabat-Salé Prefecture). Population, 155,600 (1971).
Salé has a railroad station and is a transportation, trade, and handicraft center. There is an international airport nearby. The city has enterprises of the canning, flour and vegetable-oil milling, and woodworking industries. Carpets and pottery are made by hand. The city was founded in the 11th century.
Salé is divided into the old and new sections. The old section, laid out in the form of a quadrangle, stretching from the northwest to the southeast, is enclosed by walls with numerous gates, the oldest of which is the Bab Mrisa (1260). Also in the old section are the Great Mosque, dating from the 11th century (reconstructed in the 12th century), and the Madrasa Abou-el-Hassan, Madrasa Bu ‘Inaniya, and the zawiya (religious complex) Zawiyat an-Nussak, all dating from the 14th century. To the south and east of the old city are the blocks of the new city.