| A | B |
|---|
| Immediate transfer of ownership goods from a seller to a buyer for a price | sale |
| consideration for a sale or a contract to sell | price |
| an exchange of goods or services | barter |
| tangible, movable personal property | goods |
| label for a seller who claims special knowledge in a certain type of sales transaction | merchant |
| receipt showing evidence of a transfer of ownership | bill of sale |
| seller who does not meet the definition of a merchant | casual seller |
| occurs when the buyer transfers the agreed upon consideration and the seller accepts it | payment |
| collection of rights that allow the use and enjoyment of property | ownership |
| purchaser | vendee |
| the act by which the subject matter of the contract is placed within the possession or control of the buyer | delivery |
| seller in sales of goods and contracts to sell | vendor |
| transaction in which transfer of ownership is to take place in the future | contract to sell |
| buyer takes physical possession or control of the goods | receipt of goods |
