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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.
"quality of goods" includes their state or condition. "seller" means a person who sells or agrees to sell goods. "specific goods" means goods identified and agreed upon at the time a contract of sale is made. expressions used but not defined in this Act and defined in the Indian Contract Act, 1872, have the meaning assigned to them in that act.
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.
The consignor retains title to the goods. The consignee takes possession of the goods subject to a trust. If the consignee converts the goods to a use not contemplated in the consignment agreement, such as by selling them and keeping the proceeds of the sale for the consignee, the crime of conversion has been committed.
Generally, the goods must be of the quality, quantity, and description required by the contract, be suitably packaged and fit for purpose. [158] The seller is obliged to deliver goods that are not subject to claims from a third party for infringement of industrial or intellectual property rights in the State where the goods are to be sold. [159]
Open AI CEO Sam Altman isn't done firing shots at Elon Musk. Altman said the Tesla boss was "clearly a bully" who likes to pick fights with rivals.
Shortly afterwards in 1915-16, the case of Arnhold Karberg & Co. v. Blythe, Green, Jourdain & Co. in the High Court and Court of Appeal showcased judicial debate about whether a c.i.f. bill of lading could evidence a sale of goods, Scrutton J ruling in the High Court that it did not, because a c.i.f. sale is "not a sale of goods, but a sale of ...
As the holiday shopping season kicks off, here are five ways retailers try to get consumers to spend.