Purchase and sale of goods definition

Purchase and sale of goods means a commercial activity whereby the seller is obliged to deliver goods, transfer ownership in the goods to the buyer and receive payment; and whereby the buyer is obliged to pay the seller, and receive delivery of and ownership in the goods in accordance with an agreement.
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Examples of Purchase and sale of goods in a sentence

  • Natasha Sinha are common directors holding more than 2% of paid up capital of Mesco Steels Limited.b. Nature of contracts / arrangements / transactions: Purchase and sale of goods and all other type of servicesc.

  • Purchase and sale of goods by mandated dealers mean commercial activities whereby the mandatory conducts the purchase and sale of goods in his/her/its own name under terms agreed upon with the mandator and is entitled to receive mandate commission.

  • Internal trade can be categorised into two broad categories (i) wholesale trade; and (ii) retailing trade.Wholesale trade: Purchase and sale of goods and services in large quantities for the purposes of resale or intermediate use is referred to as wholesale trade.

  • Purchase and sale of goods and services in large quantities for the purpose of resale or intermediate use is referred to as wholesale trade.On the other hand, purchase andsale of goods in relatively small quantities, generally to the ultimate consumers, is referred to as retail trade.

  • Purchase and sale of goods (deal) - transaction, concluded on the PHOTOGRAM website xxx.xxxxxxxxx0000.xxx between the Author (Seller) and the Buyer, for the purpose of buying and selling content, in accordance with the terms set out by the present Agreement.

  • The Contractor shall provide equipment and personnel, as necessary, to safely load and deliver the controller cabinet.City staff will develop signal timing data sheets and will program the controller.

  • Non-current liabilities - Loan06/30/201912/31/2018Sebastião Vicente Bomfim Filho - 9,980 - 9,980 Commercial transactions • Purchase and sale of goods and freight - The companies SBF Comércio and Premier carry out purchase and sale operations in order to optimize the distribution of goods from the distribution center to stores throughout Brazil.

  • Many new terms, such as‘ Online Brand Community (OBC),’ Online Brand Engagement (OBE),' Virtual Brand Engagement (VBE) and Online Engagement Behavior (OBE) were formed and discussed.

  • Banks are prohibited to do following activities: • Purchase and sale of goods with transaction motive.

  • Entrepreneur: A person, who conceives the business idea, brings the organization into existence, carries on the business activity, and is prepared to bear the risk of loss.Export Trade: Selling goods in another country.External Trade: Purchase and sale of goods and services across the boundaries of a country.Questions1.

Related to Purchase and sale of goods

  • Purchase and Sale Agreement means that certain Purchase and Sale Agreement, dated as of the Closing Date, between the Transferor, as the seller, and the Borrower, as the purchaser, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Sale of the Artwork means the transfer of title and ownership of the Artwork to an un-Affiliated third-party and receipt by the Company of value therefor as determined by the Board.

  • Closings means the one or more closings of the purchase and sale of the Securities pursuant to Section 2.2.

  • Purchase and Sale Termination Date has the meaning set forth in Section 1.4 of the Sale Agreement.

  • The Stock Exchange means The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited;

  • Closing Transactions has the meaning set forth in Section 11.8(a) of these Bylaws.

  • Retail sale or a "sale at retail" means a sale to any person for any purpose other than for resale in

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Certain Transactions, Description of Capital Stock," "Shares Eligible for Future Sale" and "Underwriters" and (B) in the Registration Statement in Items 14 and 15, in each case insofar as such statements constitute summaries of the legal matters, documents or proceedings referred to therein, fairly present the information called for with respect to such legal matters, documents and proceedings and fairly summarize the matters referred to therein;

  • Israeli Securities Law means the Israeli Securities Law, 5728-1968, as amended, and the regulations promulgated thereunder.

  • Consumer-goods transaction means a consumer transaction in which:

  • Securities Purchase has the meaning set forth in the recitals in this Agreement. “Seller” has the meaning set forth in the introductory paragraph to this Agreement.

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.

  • Xxxx of Sale means the Initial Xxxx of Sale or an Additional Xxxx of Sale, as applicable.

  • First sale means and include the first sale or distribution of cigarettes in intrastate commerce, or the first use or consumption of cigarettes within this state.

  • Bxxx of Sale has the meaning set forth in Section 3.02(a)(i).

  • Time sale price means the total of the cash price of the goods and services or services, the finance charge, and the amounts, if any, included for insurance premiums and official fees.

  • Chicago Convention means the Convention on International Civil Aviation, signed at Chicago on 7 December 1944, as amended, and its Annexes;

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.

  • Purchase and Sale Termination Event has the meaning set forth in Section 8.1 of the Sale Agreement.

  • Securities Law means the Israeli Securities Law, 5728-1968.

  • New York Convention means the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, done at New York on 10 June 1958;

  • Securities Purchase Agreement means that certain securities purchase agreement, dated as of the Subscription Date, by and among the Company and the initial holders of the Notes pursuant to which the Company issued the Notes, as may be amended from time to time.

  • Retail sales As defined in the definition of Net Revenue.

  • sale and repurchase transactions means transactions whereby a Sub-Fund sells its Securities to a counterparty of Reverse Repurchase Transactions and agrees to buy such Securities back at an agreed price with a financing cost in the future.