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The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
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).
Some documents are required which include the closing memo, minutes of the meeting of the seller's directors and shareholders, a certificate of good standing, a power of attorney, the bill of sale, a certificate of class, any consents or licenses required by the government authority, a certificate by the registrar of the ship's registry ...
An invoice, bill or tab is a commercial document issued by a seller to a buyer relating to a sale transaction and indicating the products, quantities, and agreed-upon prices for products or services the seller had provided the buyer. [1] Payment terms are usually stated on the invoice. These may specify that the buyer has a maximum number of ...
Section 2-106 describes the difference between a present sale (recorded as a sales order) and a sale (recorded as a transfer of title to the buyer). (1) In this Article unless the context otherwise requires " contract " and "agreement" are limited to those relating to the present or future sale of goods.
and in the ordinary course from a person, other than a pawnbroker, in the business of selling goods of that kind. A person buys goods in the ordinary course if the sale to the person comports with the usual or customary practices in the kind of business in which the seller is engaged or with the seller's own usual or customary practices.
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