contract of sale

(redirected from Conditional sale contract)
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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 ?
DOha: Qatar First Bank (QFB) on Sunday announced that one of its subsidiaries has signed a conditional sale contract to sell its full stake of 40 percent in EHM Magazacilik San (English Home), which is incorporated in Turkey to a company wholly owned by the Aydin family.
It was previously observed that the use of the wraparound arrangement to circumvent the "mortgage-over-basis problem" was based on three early tax court cases, Stonecrest,(19) Lamberth,(20) and United Pacific.(21) All of these cases involved the use of a conditional sale contract (i.e., a sale in which the legal title to the property is retained by the seller until all or some portion of the purchase price is paid by the buyer).
Buyers of this model can also benefit from Representative 6.9% APR** finance when purchasing on either Personal Contract Purchase, or Conditional Sale contracts over 36 months.

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