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Level 26

Law of Sales of Personal Property


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Goods
items of tangible, movable, personal property
Movable Personal Property
All physical items except real estate
Real Property
Land with all attachements
Intangible Personal Property
Evidence of ownership of personal property
Sale
Transfer of title to goods for a price
Contract to Sell
Agreement to transfer title to goods for a price
Title
Ownership
Price
Consideration in a sales contract that generally expressed in terms of money
Existing Goods
Goods that are in being and owned by the seller
Identified Goods
Goods picked to be delivered to the buyer
Future Goods
Goods that are not existing and identified goods
Bill of Sale
Written evidence of title to tangible personal property