Term
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Definition
| a contract in which ownership of goods is transferred from the seller to the buyer for consideration. |
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| The money that is paid for goods. |
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| All things that are moveable, such as your clothing, books, pens, food, car, and even the gas you put in your car. |
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| A collection of laws that governs various types of business transactions. |
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| Agreement that involves the immediate sale of goods. |
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| A business or person who deals regularly in the sale of goods or who has a specialized knowledge of goods. |
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| Method of dealing that is commonly used in the particular field. |
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| A Merchant's written promise to hold an offer open for the sale of goods. |
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Definition
| Agreement to buy all of a manufacturer's goods. |
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Definition
| occurs when a seller agrees to supply the needs of a buyer. |
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| the auctioneer doesnt have to sell the goods for the highest bid if its lower than the reserve amount. |
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Definition
| when a business transfers all merchandice and supplies at once. |
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Definition
| right of ownership to goods. |
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Definition
| formal evidence of ownership. |
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| the title may be voided if the injured party elects to do so. |
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| responsibility for loss or damage to goods. |
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| goods that presently exist and that have been set aside for a contract. |
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| goods that are not both existing and selected. |
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| a transportation company. |
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Definition
| Free On Board. goods will be delivered free to the designated place. |
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Definition
| when a contract requires the seller to deliver the goods to a destination. |
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Term
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Definition
| reciept for shipment of goods given by a transportation company to a shipper when the carrier accepts goods fpr shipment. |
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| document given to a customer by the warehouse that is storing his or her goods. |
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| the auctioneer must sell the goods to the highest bidder. |
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| buying and selling of goods and services, or the transfer of money over the Internet. |
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Definition
| a method of signing an electronic message. |
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Definition
| part of a person's general privacy. |
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Term
| Federal Trade Commission (FTC) |
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Definition
| Federal commission whose job it is to prevent businesses from violating the Federal Trade Commission Act. |
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