Sale Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Sale, written in plain English, along with examples of how it is used.

What is Sale?

(n) Sale is transferring the title on a property, goods or merchandise for a consideration expressed in monitory terms settled either by payment in cash or by exchange or goods of same worth. For example sale of a used car by paying the consideration partly by cash and partly by a bill of exchange.