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Definition
| A contract in which ownership of goods is transferred from the seller to the buyer for consideration. |
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| Money that is paid for the good. |
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| Things that are moveable. |
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| Collection of laws that governs various types of business transaction. |
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| Agreement that involves the immediate sale of goods. |
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| A business or person who deals regularly in the sale of goods or who has a specialized knowledge of goods. |
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| Method of dealing that is commonly used in the particular field. |
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Definition
| A merchant's written promise to hold an offer open for the sale of goods. |
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| An agreement to buy all of the merchant's goods. |
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| When a seller agrees to supply the needs of a buyer. |
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Definition
| The auctioneer does not have to sell the goods for the highest bid if it's lower than the reserve amount. |
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| When a business transfers all merchandise and supplies at one time. |
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Definition
| The right of ownership to a good. |
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Definition
| Formal evidence of ownership. |
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| Title that may be voided if injured party elects to do so. |
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Definition
| Responsibility for loss or damage to goods. |
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Definition
| Goods that presently exist and have been set aside for a contract. |
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| Goods such as plants that have not yet grown in or items that have not been manufactured. |
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| Free on board. Goods will be delivered free to the designated place. |
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Definition
| When a contract requires the seller to deliver the goods to a destination. |
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Definition
| A receipt for shipment of goods given by transportation company to shipper when the carrier accepts goods for shipment. |
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Definition
| A document given to a customer by the warehouse that is storing his or her goods. |
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| Buying and selling of goods and services, or the transfer of money, over the internet. |
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Term
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Definition
| A method of signing an electronic message. |
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Term
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Definition
| Part of your more general right to privacy. |
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Term
| Federal Trade Commission (FTC) |
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Definition
| Federal commission whose job it is to prevent business from violating the Federal Trade Commision Act. |
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Term
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Definition
| The auctioneer must sell the goods to the highest bidder. |
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