contract of sale
Definition
Formal contract by which a seller agrees to sell and a buyer agrees to buy, under certain terms and conditions spelled out in writing in the document signed by both parties. An invoice, for example, is a contract of sale. Also called agreement of sale, contract for sale, sale agreement, or sale contract.
contract of sale is in the Agreements & Contracts, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
contract of sale appears in the definitions of the following terms:
satisfactory quality,
shipment contract,
contract for sale,
innominate contract,
destination contract,
conveyance,
sale agreement,
sale contract,
recognition of revenue,
freedom from encumbrance
and
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