Seller
Term · Law · MLC-T-LAW-004477
A party who transfers ownership of goods or property to another in exchange for payment. This individual or entity is bound by the terms of the sales contract and legal obligations regarding the condition and title of the item. The Uniform Commercial Code governs the rights and duties of sellers in the sale of goods.
| Identifier | MLC-T-LAW-004477 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004477",
"term": "Seller",
"field": "Law",
"definition": "A party who transfers ownership of goods or property to another in exchange for payment. This individual or entity is bound by the terms of the sales contract and legal obligations regarding the condition and title of the item. The Uniform Commercial Code governs the rights and duties of sellers in the sale of goods.",
"url": "https://mlchart.com/terminology/law/seller/"
}
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