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What Is The Legal Definition Of A Sale?

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Real Estate legal definition of Real Estate

The sale of residential property is heavily regulated. All states require real estate agents and brokers, who earn a commission from the owner of real estate for selling the property, to be licensed. To get a license, a person must have a high school diploma, be at least eighteen years old, and pass a written test on real estate principles and law.

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South African law of sale - Wikipedia

Definition and essentials of the contract Definition. The contract of sale, as it is known in South Africa today, derives its origins from the Roman consensual contract of emptio venditio.In D 18.1 (the title devoted to the contract of emptio venditio), there is no all-embracing definition of the special contract, but certain critical features can be extracted from the early fragments of the ...

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Purchase legal definition of Purchase

Purchase. To buy; the transfer of property from one person to another by an agreement. Under the Uniform Commercial Code (UCC), taking by sale, discount, negotiation, mortgage, pledge, lien, issue, reissue, gift, or any voluntary transaction.

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What is Contract of Sale: Everything You Need to Know

A contract of sale is an agreement between a seller and a buyer. The seller agrees to deliver or sell something to a buyer for a set price that the buyer has agreed to pay. With these contracts, the transfer of ownership happens when the buyer pays and the seller delivers.

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Sales Tax legal definition of Sales Tax

Sales Tax: A state or local-level tax on the retail sale of specified property or services. It is a percentage of the cost of such. Generally, the purchaser pays the tax but the seller collects it as an agent for the government. Various taxing jurisdictions allow exemptions for purchases of specified items, including certain foods, services, ...

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Resale | Definition of Resale by Merriam-Webster

Resale definition is - the act of selling again usually to a new party. How to use resale in a sentence.

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Sales Promotion Law and Legal Definition | USLegal, Inc.

Sales Promotion Law and Legal Definition Sales promotion is one level or type of marketing aimed either at the consumer or at the distribution channel (in the form of sales-incentives). It is used to introduce new product, clear out inventories, attract traffic, and to lift sales temporarily.

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Sale of Goods Law and Legal Definition | USLegal, Inc.

Sale of Goods Law and Legal Definition. A bill of sale is a document that transfers ownership of an asset from a seller to the buyer, a basic agreement for sale of goods, and a sales receipt. What is included in a bill of sale form? Most bill of sale forms require the following information:

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What is The Legal Requirement For a Bedroom

The Definition of a Bedroom Working as a real estate agent, many people ask me what the legal requirement for a bedroom is. They are usually asking because they have a room in their home which may have the potential to be a bedroom. While what defines a bedroom may seem obvious in most circumstances, when it comes to selling a home, the concept is not quite as clear.

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Deception Law and Legal Definition | USLegal, Inc.

Deception Law and Legal Definition Generally deception is the act of causing one to believe information that is not true or an untruth or not the whole truth. The Federal Trade Commission will find an act or practice deceptive if there is a misrepresentation, omission, or other practice that misleads the consumer acting reasonably in the ...

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Wash Sale Legal Definition | Merriam-Webster Law Dictionary

Legal definition of wash sale: a sale and purchase of securities that produces no change of the beneficial owner; specifically : a sale of securities within 30 days before or after the purchase of substantially identical securities.

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Auction Sale Law and Legal Definition | USLegal, Inc.

Auction Sale Law and Legal Definition. A sale by auction is a public sale where various intending buyers offer bids for the goods and try to outbid each other. Ultimately, the goods are sold to the highest bidder. An auction sale is complete when the auctioneer announces its completion by the fall of the hammer or in other customary manner.

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Sale Shares | legal definition of Sale Shares by Law Insider

Sale Shares means all the 13,667,132 common shares of U.S. $.01 each in the share capital of Global Sources Ltd. purchased by the Chargor from the Secured Party on or about the date hereof and held by, or to the order or on behalf of the Chargor at any time and in the event of any reconstruction or re-organisation of the Company's share capital (whether by consolidation, subdivision or ...

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Sales Tax Definition

A sales tax is a consumption tax imposed by the government on the sale of goods and services. A conventional sales tax is levied at the point of sale , collected by the retailer, and passed on to ...

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Law - Wikipedia

Law commonly refers to a system of rules created and enforced through social or governmental institutions to regulate behavior, with its precise definition a matter of longstanding debate. It has been variously described as a science and the art of justice. State-enforced laws can be made by a group legislature or by a single legislator, resulting in statutes; by the executive through decrees ...

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Power of Sale Definition - Investopedia

Power Of Sale: A clause written into a mortgage authorizing the mortgagee (lender) to sell the property in the event of default , in order to repay the mortgage debt. As a mortgage term, power of ...

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Bill of Sale Definition - Investopedia

Bill Of Sale: A document that details in writing a sale of goods or transfer of property from one party to another. A bill of sale serves as legal evidence that full consideration has been ...

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What is a sale? definition and meaning ...

sale: Contract involving transfer of the possession and ownership (title) of a good or property, or the entitlement to a service, in exchange for money or value. Essential elements that must be present in a valid sale are (1) competence of both the buyer and seller to enter into a contract, (2) mutual agreement on the terms of exchange, (3) a ...

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29 CFR ยง 779.328 - LII / Legal Information Institute

(a) The distinction between a retail sale and a wholesale sale is one of fact. Typically, retail sales are made to the general consuming public. The sales are numerous and involve small quantities of goods or services. Wholesale establishments usually exclude the general consuming public as a matter of established business policy and confine their sales to other wholesalers, retailers, and ...

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Legal Definition of Personal Property | LegalMatch

The definition of personal property can create additional complexities in many legal claims. You may wish to hire a property lawyer if you need assistance with any property matters. Lawsuits over personal property may result in a damages award or other similar remedies. Your attorney can provide you with legal representation throughout the process.

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As is - Wikipedia

See, for instance, the Unfair Terms in Consumer Contracts Regulations 1999 and Sale of Goods Act 1979. However, in the United States' Uniform Commercial Code, "as is" is quoted as an example of the type of language capable of excluding all implied warranties through which the law might otherwise protect a buyer. References

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Legal Description of Property: Definition, Importance ...

A legal description is a written recorded document defining the boundaries of a property. The legal description must contain, at the very least, the city and county the property is located in.

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