Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

agreement of sale

Read a random definition: advice-of-counsel defense

A quick definition of agreement of sale:

Agreement of Sale: A legal document that outlines the terms and conditions of a sale between a buyer and a seller. It includes details such as the price, payment method, and delivery date. This agreement is important to ensure that both parties understand their obligations and rights in the transaction.

A more thorough explanation:

An agreement of sale is a legal document that outlines the terms and conditions of a sale between a buyer and a seller. It is a contract that sets out the details of the transaction, including the price, payment terms, and any other relevant information.

John wants to buy a car from Jane. They agree on a price of $10,000 and John agrees to pay in three installments over the next three months. They sign an agreement of sale that outlines these terms and any other relevant details, such as the make and model of the car and the date of the sale.

Another example could be a real estate transaction. A buyer and seller agree on a price for a house and sign an agreement of sale that outlines the terms of the transaction, such as the closing date and any contingencies.

These examples illustrate how an agreement of sale is a legally binding contract that sets out the terms and conditions of a sale between a buyer and a seller.

agreement of rescission | Agreement Relating to Liability Limitation of the Warsaw Convention

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
LSD+ is ad-free, with DMs, discounts, case briefs & more.