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  2. Bill of sale - Wikipedia

    en.wikipedia.org/wiki/Bill_of_sale

    A bill of sale is a document that transfers ownership of goods from one person to another. It is used in situations where the former owner transfers possession of the goods to a new owner. Bills of sale may be used in a wide variety of transactions: to sell goods, exchange, give, or mortgage objects. They can be used only to transfer ownership ...

  3. As is - Wikipedia

    en.wikipedia.org/wiki/As_is

    As is. " As is " is a phrase used to indicate the existing condition of something without any modifications or improvements. [1] The term is employed in legal, business, and consumer settings to establish that an item or property is being sold or provided in its current condition, [2] [3] with no warranties or guarantees regarding its quality.

  4. Contract of sale - Wikipedia

    en.wikipedia.org/wiki/Contract_of_sale

    t. e. In contract law, a contract of sale, sales contract, sales order, or contract for sale[ 1] is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent). An obvious ancient practice of exchange, in many common law jurisdictions ...

  5. South African law of sale - Wikipedia

    en.wikipedia.org/wiki/South_African_law_of_sale

    According to Mackeurtan, Purchase and sale ( emptio venditio) is a mutual contract for the transfer of possession of a thing in exchange for a price. It has three essentials: consent ( consensus ad idem ); a thing sold ( merx ); and a price ( pretium ). [ 8 ] Remember that a sale contract is a special form of contract, and so all law discussed ...

  6. Consideration under American law - Wikipedia

    en.wikipedia.org/wiki/Consideration_under...

    Consideration is the central concept in the common law of contracts and is required, in most cases, for a contract to be enforceable. Consideration is the price one pays for another's promise. It can take a number of forms: money, property, a promise, the doing of an act, or even refraining from doing an act. In broad terms, if one agrees to do ...

  7. Used car - Wikipedia

    en.wikipedia.org/wiki/Used_car

    A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.

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