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The season of blockbusters is upon us, but theaters have been empty for months—and it's unclear what they'll show, or who will come, when they reopen. Derek Long focuses on the history of the film industry, in particular ...

Virgin Galactic reports high interest in its space flights

Virgin Galactic has received nearly 8,000 online reservations of interest since its first successful test flight into space 14 months ago, the company said Tuesday as it nears commercial operation and prepares to reopen ticket ...

How sales shopping is killing the planet

Christmas has passed and New Year is just around the corner. And the sales continue. Things started six weeks before Christmas with Singles Day, which began in China and is now the world's biggest shopping day. This was followed ...

Black Friday in Britain: where it all went wrong

This year has been challenging for retailers, to put it mildly. According to the British Retail Consortium, sales were down 1.3% year on year in September, the most recent month available, and the worst since the consortium's ...

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Sales

A sale is the pinnacle activity involved in selling products or services in return for money or other compensation. It is an act of completion of a commercial activity.

A sale is completed by the seller, the owner of the goods. It starts with consent (or agreement) to an acquisition or appropriation or request followed by the passing of title (property or ownership) in the item and the application and due settlement of a price, the obligation for which arises due to the seller's requirement to pass ownership, being a price the seller is happy to part with ownership of or any claim upon the item. The purchaser, though a party to the sale, does not execute the sale, only the seller does that. To be precise the sale completes prior to the payment and gives rise to the obligation of payment. If the seller completes the first two above stages (consent and passing ownership) of the sale prior to settlement of the price the sale is still valid and gives rise to an obligation to pay.

This text uses material from Wikipedia, licensed under CC BY-SA