Sale as transfer of ownership for valuable consideration, including deferred payment and credit notes, broadens price concept. A sale is a contract transferring ownership in goods to a buyer for a price, which may be paid, promised, or partly paid and partly promised; the concept of price includes not only cash but also other valuable consideration such as deferred payments and credit notes, so transfers of general property for such consideration constitute a sale.
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Sale as transfer of ownership for valuable consideration, including deferred payment and credit notes, broadens price concept.
A sale is a contract transferring ownership in goods to a buyer for a price, which may be paid, promised, or partly paid and partly promised; the concept of price includes not only cash but also other valuable consideration such as deferred payments and credit notes, so transfers of general property for such consideration constitute a sale.
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