Contract For Sale - Law Dictionary Search Results
Appropriation of goods
Appropriation of goods, Upon a contract for sale of unascertained or future goods is an act identifying goods specifically with the contract. The appropriation may be
closing
closing : the fulfillment or performance of a contract esp. for the sale of real estate ;also : a meeting at which the closing of a contract
purchase offer
of negotiations. When signed by all parties involved in the sale, the purchase offer becomes a legally binding contract, sometimes called the Sales Contract. Source: U.S. Department of Housing and Urban Development
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Necessaries
to an infant or to a person who, by reason of mental incapacity or drunkenness, is incompetent to contract, he must pay a reasonable price therefor.' [(English) Sale of Goods Act, 1893, s. 2] While husband and
statute of frauds
be in writing to be enforceable. b : a provision in the Uniform Commercial Code under which a contract for the sale of goods for $500 or more is not enforceable unless signed by the party sought to
Conditions of sale
Matched in: Term Conditions of sale
Sale of goods and purchase of goods
Matched in: Term Sale of goods and purchase of goods
representation
action compare warranty b : an incidental or collateral statement of fact on the faith of which a contract is entered into [the contract of sale contains a by the purchaser "U.S. Code"] ;specif : a statement
fail
or unsuccessful esp. in fulfilling certain formal requirements [even though one or more terms are left open a contract for sale does not for indefiniteness "Uniform Commercial Code"] 2 : to become bankrupt or insolvent vt : to leave
Vendor and Purchaser Act, 1874
by the (English) Law of Property Act, 1925. It provided (inter alia) that in the completion of any contract of sale of land, made after the 31st December, 1874, and subject to any stipulation to the contrary
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