Purchase and sale of goods definition

Purchase and sale of goods means a commercial activity whereby the seller is obliged to deliver goods, transfer ownership in the goods to the buyer and receive payment; and whereby the buyer is obliged to pay the seller, and receive delivery of and ownership in the goods in accordance with an agreement.
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Examples of Purchase and sale of goods in a sentence

  • Purchase and sale of goods through the Goods Exchange mean commercial activities whereby the parties agree to purchase and sell a defined quantity of goods of a defined type through the Goods Exchange under the standards of the Goods Exchange, at a price agreed upon at the time the contract is entered into, and with the time of goods delivery determined to be a specific point of time in the future.

  • Purchase and sale of goods mean commercial activities whereby the seller is obliged to deliver goods, transfer ownership of goods to the purchaser and receive payment; the purchaser is obliged to pay to the seller and receive goods and the ownership thereof as agreed.

  • Internal trade can be categorised into two broad categories (i) wholesale trade; and (ii) retailing trade.Wholesale trade: Purchase and sale of goods and services in large quantities for the purposes of resale or intermediate use is referred to as wholesale trade.

  • In general, the FSA will continue to promote the enhancement of group risk management for both times of crisis and normal situations.• On 1 April 2015, the DICJ issued the Deposit Insurance Corporation of Japan Operational Policy (April 2015 – March 2016), which describes, among other things, how the DICJ will improve its preparedness for failure resolution of financial institutions and how the DICJ will implement the management and disposal of assets acquired from failed financial institutions.

  • Natasha Sinha are common directors holding more than 2% of paid up capital of Mesco Steels Limited.b. Nature of contracts / arrangements / transactions: Purchase and sale of goods and all other type of servicesc.

  • Purchase and sale of goods and services in large quantities, for the purpose of resale or intermediate use is referred to as wholesale trade.On the other hand, purchase and sale of goods in relatively small quantities, generally to the ultimate consumers, is referred to as retail trade.

  • As important as the organised events and activities is the general sense of safety that now exists.

  • Purchase and sale of goods by mandated dealers mean commercial activities whereby the mandatory conducts the purchase and sale of goods in his/her/its own name under terms agreed upon with the mandator and is entitled to receive mandate commission.

  • Sale of plastic products, etc.Direct: 100.0 Indirect:― Two officers serving concurrently, four transferred officers Purchase and sale of goods, lease of buildingSale of goods 19,313Accounts receivable- trade 6,851Purchase of goods 1,262Accounts payable- trade 409 Subsidiary Nagase Chemical Co., Ltd.Sale of coating raw materials, dyestuffs, industrial chemicals, chemicals for manufacturing paper, plastics, etc.

  • Purchase and sale of goods and services in large quantities for the purpose of resale or intermediate use is referred to as wholesale trade.On the other hand, purchaseand sale of goods in relatively small quantities, generally to the ultimate consumers, is referred to as retail trade.

Related to Purchase and sale of goods

  • Purchase and Sale Agreement means the Purchase and Sale Agreement, dated as of the Closing Date, among the Servicer, the Originators and the Borrower, as such agreement may be amended, supplemented or otherwise modified from time to time.

  • Sale of the Artwork means the transfer of title and ownership of the Artwork to an un-Affiliated third-party and receipt by the Company of value therefor as determined by the Board.

  • Closings means the First Closing and the Second Closing.

  • Purchase and Sale Termination Date has the meaning set forth in Section 1.4 of the Sale Agreement.

  • The Stock Exchange means the London Stock Exchange Limited;

  • Closing Transactions has the meaning set forth in Section 11.8(a)(i) of these Bylaws.

  • Retail sale or a "sale at retail" means a sale to any person for any purpose other than for resale in

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Certain Transactions, Description of Capital Stock," "Shares Eligible for Future Sale" and "Underwriters" and (B) in the Registration Statement in Items 14 and 15, in each case insofar as such statements constitute summaries of the legal matters, documents or proceedings referred to therein, fairly present the information called for with respect to such legal matters, documents and proceedings and fairly summarize the matters referred to therein;

  • Israeli Securities Law means the Israeli Securities Law, 5728-1968, as amended, and the regulations promulgated thereunder.

  • Consumer-goods transaction means a consumer transaction in which:

  • Securities Purchase has the meaning set forth in the recitals in this Agreement. “Seller” has the meaning set forth in the introductory paragraph to this Agreement.

  • Sale and Purchase Agreement means the sale and purchase agreement entered into or to be entered into on the date of this Agreement between the Investor and the Company in the agreed form;

  • Xxxx of Sale means the Initial Xxxx of Sale or an Additional Xxxx of Sale, as applicable.

  • First sale means and include the first sale or distribution of cigarettes in intrastate commerce, or the first use or consumption of cigarettes within this state.

  • Bxxx of Sale has the meaning set forth in Section 3.02(a)(i).

  • Time sale price means the total of the cash price of the goods and services or services, the finance charge, and the amounts, if any, included for insurance premiums and official fees.

  • Chicago Convention means the Convention on International Civil Aviation, signed at Chicago on 7 December 1944, as amended, and its Annexes;

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.

  • Purchase and Sale Termination Event has the meaning set forth in Section 8.1 of the Sale Agreement.

  • Securities Law means the Israeli Securities Law, 5728-1968.

  • New York Convention means the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, done at New York on 10 June 1958;

  • Securities Purchase Agreement shall have the meaning set forth in the recitals hereto.

  • Retail sales As defined in the definition of Net Revenue.

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;