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17 Cards in this Set
- Front
- Back
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Sale
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goods transfer from seller to buyer for a price.
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Ownership
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entails a collection of rights.
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Contract to sell
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transaction.
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Goods
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tangible, movable items.
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Price
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a sale or contract to sell goods.
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Barter
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trade.
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Vendor
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sellers.
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Vendee
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buyers.
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Payment
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buyer transfer the agreed upon consideration.
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Delivery
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placed within the possession.
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Receipt of goods
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buyers take physical possession or control of goods.
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Bill of sale
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receipt written evidence of transfer.
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Conforming goods
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goods fulfill the seller's obligations under a contract.
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Accommodation
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arrangement with a buyer after notification by the seller.
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Non-conforming goods
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goods do not meet the buyer's specifications.
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Perfect tender rule
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required the goods to match the order absolutely.
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Uniform commercial code
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governs sales of goods, contracts to sell goods in the future.
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