sales agreement or contract

sales agreement or contract
A contract to sell goods. A contract by means of which the ownership of goods is transferred from a seller to a buyer for a fixed price in money, paid or agreed to be paid by the buyer. It may refer to a contract for sale which includes both a present sale and a contract to sell goods at a future time. U.C.C. No. 2-106(1). Also, term used to describe a contract for the sale of real estate, including a contract for deed.

Black's law dictionary. . 1990.

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