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 classic literature ?
For the present, make me out a contract of sale, payment to be made in four days."
purchase of air fittings parts under a framework contract of sale. Supply of air-component parts of vehicles and commercial vehicles of category n2, N3 or m3 under a framework contract of sale.
A contract of sale of real property may be extinguished by, among others, conventional or legal redemption.
There is one statement in the article that needs further clarification - "in 2011 the government introduced a 'specific performance law' which grants a contract of sale precedence over any pre-existing mortgage."
You must leave the fixtures and fittings and other contents that you have itemised in the vendors' fixtures and fittings list, approved by you and given to your solicitor in the contract of sale. * You cannot leave extra items not specified in the fixtures and fittings list and are contractually obliged not to leave items not specified.
"We anticipate that our operating initiatives will result in the property generating cumulative annual NOI growth in excess of 5%," Reckson said in a statement released on July 8, the day the contract of sale was announced.
In fact, they could have sought damages from you for breach of the contract of sale.
The company uses a simple 16-page, double-spaced contract of sale that mom-and-pop sellers like immensely.
The sale is subject to the negotiation of a definitive contract of sale, and governmental and other necessary consents or approvals, including Goodyear's board of directors.
A buyer preferred to include such an agreement in the contract of sale, since the value could be amortized over the agreement's life.
As a general rule, all persons who are authorized by the Civil Code to obligate themselves may enter into a contract of sale. This includes all persons who have juridical capacity-that is, those who are fit to be the subject of legal relations, and those who have the capacity to act-that is, the power to do acts with legal effect.
Contract notice: Purchase of hygienic equipment for the felso-szabolcsi hospital under a contract of sale