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

  • Purchase and sale of goods through the Goods Exchange mean commercial activities whereby the parties agree to purchase and sell a defined quantity of goods of a defined type through the Goods Exchange under the standards of the Goods Exchange, at a price agreed upon at the time the contract is entered into, and with the time of goods delivery determined to be a specific point of time in the future.

  • Purchase and sale of goods mean commercial activities whereby the seller is obliged to deliver goods, transfer ownership of goods to the purchaser and receive payment; the purchaser is obliged to pay to the seller and receive goods and the ownership thereof as agreed.

  • 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.

  • 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.

  • 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 and sale of goods in relatively small quantities, generally to the ultimate consumers, is referred to as retail trade.

  • Purchase and sale of goods as well as provision of service are conducted by the Company independently.

  • 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 and services; lease of realestate (category involves non-depreciable assets)Greater of $200,000 or 1/50 of 1% of regulatoryCapital1/8 of 1% of regulatory capital per financial year10.

  • 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) Duration of the contracts / arrangements / transactions: September 30, 2016 till September 30, 2017.

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, waived, supplemented, restated or replaced from time to time.

  • 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.

  • Open Market Sale Agreement is a service mark of Xxxxxxxxx LLC

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

  • The Stock Exchange means the London Stock Exchange Limited;

  • conditional sale agreement means an agreement for the sale of goods under which the purchase price or part of it is payable by instalments, and the property in the goods is to remain in the seller (notwithstanding that the buyer is to be in possession of the goods) until such conditions as to the payment of instalments or otherwise as may be specified in the agreement are fulfilled;

  • Closing Transactions has the meaning set forth in Section 11.8(a)(i) 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.

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

  • 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.

  • 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, June 10, 1958;