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(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.


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


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.
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, 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.
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 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.
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 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.
The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved.
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.



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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.


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


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)
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
taxation because of a covered asset acquisition" (Ways and Means Committee, Summary of "The American Jobs and Closing Tax Loop-boles Act of 2010" (H.R.
For purposes of determining the seller's amount realized for each of the assets sold in an applicable asset acquisition, the seller allocates consideration to all the assets sold by using the residual method under Treasury Regulations sections 1.338-6 and 1.3387, substituting consideration for ADSP.
From an operational perspective, the assets that the Fed buys matter little for monetary policy; asset acquisition is merely the vehicle by which the Federal Reserve injects money into the economy.
When a corporation purchases a target corporation in a qualified stock purchase, the purchasing corporation may elect to treat the purchase as an asset acquisition under IRC Sec.
For tax purposes, goodwill is created only in taxable asset acquisitions. For financial accounting purposes, goodwill will be recognized anytime a premium is paid in a business combination.
In multiple asset acquisitions, taxpayers also must demonstrate the amount paid relates specifically to the intangible asset alone.
If a covenant not to compete is part of an asset acquisition, information on this agreement (such as the type of arrangement and the maximum consideration) must be disclosed.
Form 8594, Asset Acquisition Statement, now must be completed by both the purchasing and target corporations and attached to their respective returns when an election is made under Sec.
IRC section 1060 prescribes special allocation rules for "applicable asset acquisitions." To determine both the buyer's basis and the seller's gain or loss, the purchase price is to be allocated in the same manner as stock purchases treated as asset purchases under IRC section 338(b)(5) and temporary regulation 1.33(b)-2T.
381(c)(1)(B) in tax-free asset acquisitions by a consolidated group.
338 and general tax principles applicable to asset acquisitions under Sec.
Familiarity with these rules may prove beneficial to sellers, as businesses are often sold through asset acquisitions between related parties.