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Sale of Goods: Key Terms and Definitions, Quizzes of Business Ethics

Georgia Southern University (GS)Business Ethics

Definitions for key terms and concepts related to the sale of goods. Topics include the transfer of ownership, good faith, identification, terms of sales contracts, sale, goods, merchant, and contract.

Typology: Quizzes

2010/2011

Uploaded on 12/10/2011

am75 🇺🇸

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Download Sale of Goods: Key Terms and Definitions and more Quizzes Business Ethics in PDF only on Docsity! TERM 1 Sale of Goods DEFINITION 1 the transfer of ownership to tangible personal property in exchange for money, other goods, or the performance of services. TERM 2 Good Faith DEFINITION 2 "honesty in fact in the transaction concerned" TERM 3 Identification DEFINITION 3 occurs when the surrounding circumstances make it clear that the goods are those "to which the contract refers" TERM 4 Terms of Sales Contracts DEFINITION 4 1. Gap Fillers2. Price Terms3. Quantity Terms4. Delivery Terms5. Time Terms TERM 5 Sale DEFINITION 5 the passing of title from the seller to the buyer for a price

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Sale of Goods: Key Terms and Definitions, Quizzes of Business Ethics

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