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Simple English definitions for legal terms
Sale
Read a random definition: rectification of boundaries
A quick definition of Sale:
Sale: A sale is when someone sells something to another person in exchange for money or something else that has value. For example, if you sell your old bike to a friend for $50, that's a sale. The person who sells the item usually gives up ownership of it to the buyer in exchange for payment.
A more thorough explanation:
Definition: A sale is when someone sells something to another person in exchange for money or something else of value. The seller usually gives the buyer ownership of the item being sold.
- John sold his old bike to Sarah for $50.
- The store is having a sale on all their winter coats.
- During the sale, the car dealership offered a discount on all their vehicles.
These examples illustrate the definition of a sale because in each case, something is being exchanged for money or something else of value. In the first example, John is selling his bike to Sarah for $50. In the second example, the store is offering a discount on their winter coats in exchange for customers buying them. In the third example, the car dealership is offering a discount on their vehicles to entice customers to buy them.