sale

:a sale that takes place without conditions and with title simply passing to the buyer upon payment of the price

compare conditional sale  in this entry

:a sale not in the ordinary course of the seller's business of more than half of the seller's inventory called also bulk transferArticle 6 of the Uniform Commercial Code governs bulk sales. Under section 6-102(c), in order for a sale to be considered a bulk sale, the buyer (or an auctioneer or liquidator if the sale is an auction) must have been given notice or been able upon reasonable inquiry to have had notice that the seller will not afterward continue to operate the same or a similar kind of business.

:a sale in which payment must be made in cash Under U.C.C. section 2-310, payment must be made in cash at the time and place that the buyer receives the goods unless there is a prior agreement between the parties for a sale on credit.

:a sale that is complete only when one or more conditions are met

:a sale in which the seller extends credit to the buyer to purchase the item and takes a security interest in the item with the buyer receiving title when the debt has been fully paid off

compare absolute sale  in this entry

:a sale carried out to execute a judgment under authority of a judicial officer (as a court clerk) but not by court order

:a sale of property ordered by a court in order to satisfy a creditor's judgment against a debtor

:a sale of property upon default of a mortgage to satisfy the debt

:a sale of property conducted by an authorized official by order of a court

:forced sale in this entry

:an often unadvertised sale of property that is not open to the general public and does not take place at a set time or place

:a sale (as an auction) that is publicly advertised and that takes place at a location open to the public

:a sale of a tract of land that is not made with a guarantee as to the exact amount of land involved

:the sale of an undivided property (as in execution of a judgment)

:a conditional sale whose completion depends on acceptance of the goods by a buyer (as a consumer) receiving them primarily for use with the option to return them if they do not meet his or her approval even though they conform to contract

:a conditional sale whose completion depends on acceptance of the goods by a buyer (as a merchant) receiving them primarily for resale with the option to return them if they are not resold even though they conform to contract

:a forced sale of property by a sheriff or deputy sheriff

:a forced sale of property resulting from nonpayment of taxes by the owner

compare tax lien at lien