sales law


sales law
The law relating to the transfer of ownership of property from one person to another for value, which is codified in Article 2 of the Uniform Commercial Code (UCC), a body of law governing mercantile transactions adopted in whole or in part by the states.

Dictionary from West's Encyclopedia of American Law. 2005.


sales law
The law relating to the transfer of ownership of property from one person to another for value, which is codified in Article 2 of the Uniform Commercial Code (UCC), a body of law governing mercantile transactions adopted in whole or in part by the states.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • bulk sales law — A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets that is, get rid of all or most of its… …   Law dictionary

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  • sales tax — n: a tax levied on the sale of goods and services that is usu. calculated as a percentage of the purchase price and collected by the seller Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. sales tax …   Law dictionary

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  • law — [lɔː ǁ lɒː] noun 1. [singular, uncountable] LAW the whole system of rules that citizens of a country must obey: • It is against the law (= illegal ) for children to work before they are fifteen. • There were easy profits for businessmen who were… …   Financial and business terms

  • Law and Human Behavior — is a bimonthly multi disciplinary scientific journal published by the American Psychology Law Society (APLS). It publishes original empirical papers, reviews and meta analyses on how the law, legal system, and legal process relate to human… …   Wikipedia


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