contract of sale

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contract of sale

a CONTRACT under which the SELLER of a product transfers or agrees to transfer the product to the BUYER of the product for a money consideration. Contracts of sale contain various terms or conditions on which the product is to be supplied including, typically, product descriptions, qualities, quantities, delivery dates and prices. Remedies for breach of contract can be sought through the Courts. See SALE OF GOODS ACTS 1979,1962.
References in periodicals archive ?
Hire Purchase & Conditional Sale: Hire purchase and conditional sale contracts are governed by slightly different rules.
Broeren explained further that the series C notes are collateralized by a pool of retail auto conditional sale contracts, the first time that collateral of this type from the U.
9% APR** finance rate when purchasing a Hodgson 24 Special on either personal contract purchase or conditional sale contracts over 24 or 36 months.

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