Simple English definitions for legal terms
Read a random definition: venue facts
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.
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.
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.