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13.1 Amya Haskel Terms

memorize.ai (lvl 286)

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17 cards

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Section 1

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ownership

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Haskell

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Last updated

6 years ago

Date created

Mar 1, 2020

Cards (17)

Section 1

(17 cards)

ownership

Front

the state or fact of owning something

Back

contract

Front

a binding agreement between two or more persons that is enforceable by law

Back

Non-conforming goods

Front

goods that do not meet the buyer's specifications or are defective in some way

Back

Bill of Sale

Front

A document used to transfer ownership of personal property.

Back

accomadation

Front

the process by which the eye's lens changes shape to focus near or far objects on the retina

Back

Perfect Tender Rule

Front

A common law rule under which a seller was required to deliver to the buyer goods that conformed perfectly to the requirements stipulated in the sales contract. A tender of nonconforming goods would automatically constitute a breach of contract. Under the Uniform Commercial Code, the rule has been greatly modified.

Back

sell

Front

sold

Back

Receipt of Goods

Front

Buyer takes physical possession

Back

price

Front

The amount of money exchanged for a good or service

Back

vendor

Front

(n.) a person who sells something

Back

sale

Front

The passing of title to property from the seller to the buyer for a price.

Back

delivery

Front

the presentation of a speech to an audience

Back

Vendee

Front

buyer

Back

conforming goods

Front

Goods that conform to contract specifications.

Back

payment

Front

Buyer pays for the item

Back

barter

Front

(n.) an exchange in trade; (v.) to exchange goods

Back

goods

Front

Items purchased to satisfy needs and wants

Back