SALES

The activity of selling goodes and services. … [Read more...] about SALES

A memorandum given by a broker to a seller or buyer of goods, stating the fact that certain goods have been sold by him on account of a person called the seller to another person called the buyer. Sale notes are also called bought notes, and sold notes. … [Read more...] about SALE NOTE

When goods are sent from a manufacturer or wholesale dealer to a retail trader, in the hope that he may purchase them, with the understanding that what he may choose to take he shall have as on a contract of sale, and what he does not take he will retain as a consignee for the owner, the goods are said to have been sent on sale and return. 2. The goods taken by the receiver as … [Read more...] about SALE AND RETURN

When property is sold to a purchaser and which is immediately leased back to the seller for use. This practice is used for obtaining a tax deduction or a manner for the seller to have more cash available while still being able to use the property. … [Read more...] about SALE AND LEASEBACK

contracts. An agreement by which one of the contracting parties, called the seller, gives a thing and passes the title to it, in exchange for a certain price in current money, to the other party, who is called the buyer or purchaser, who, on his part, agrees to pay such price. 2. This contract differs from a barter or exchange in this, that in the latter the price or … [Read more...] about SALE