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Chapter 16

Law for business chapter 16 definitions

TermDefinition
Goods Movable personal property
Movable personal property All physical items except real estate
Real property Land and things permanently attached to land
Intangible personal property Evidences of ownership of personal property
Sale Transfer of title to goods for a price
Contract to sell Agreement to transfer title to goods for a price
Title Ownership
Existing goods Goods that are in being and owned by the seller
Identified goods Goods picked to be delivered to the buyer
Future goods Goods not both existing and identified
Bill of sale Written evidence of title to tangible personal property
Created by: JuliRae
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