A sale of goods is a present transfer of title to movable property for a price. This price may be a payment of money, an exchange of other property, or the performance of services. The parties to a sale are the person who owns the goods and the person to whom the title is transferred. The transferor is the seller or vendor, and the transferee is the buyer or vendee.
Most goods are tangible and solid, such as an automobile or a chair. But goods may also be fluid, such as oil or gasoline. Goods may also be intangible, such as natural gas and electricity. The UCC is applicable to both new and used goods.
Goods that are physically existing and owned by the seller at the time of the transaction are called existing goods. All other goods are called future goods. Future goods include both goods that are physically existing but not owned by the seller and goods that have not yet been produced .
Before an interest in goods can pass from seller to buyer, the goods must exist, and they must be identified to the contract. For passage of title, goods must be identified in a way that will distinguish them from all similar goods. Identification gives a buyer the right to obtain insurance on goods and the right to recover from third parties who damage goods. Sometimes, identification allows the buyer to take goods from the seller. Regarding future goods, occurs when they are shipped, marked, or otherwise designated as the contract goods.
The Oregon General Form of Agreement for the Sale of Goods is a legally binding document that outlines the terms and conditions of a transaction involving the sale of goods in the state of Oregon. This agreement serves to protect the rights and interests of both the buyer and the seller, ensuring a fair and mutually beneficial exchange. The primary purpose of the Oregon General Form of Agreement for the Sale of Goods is to clearly define the rights, obligations, and responsibilities of each party involved in the transaction. It covers essential aspects such as the identification and description of the goods being sold, the purchase price, payment terms, delivery and shipping terms, inspection and acceptance procedures, warranties, remedies for breach of contract, and any additional terms agreed upon by the parties. This agreement is designed to adhere to the laws and regulations specific to Oregon, ensuring compliance with the state's commercial code and other relevant statutes. It is important for buyers and sellers to familiarize themselves with these regulations to ensure their agreement meets all legal requirements. Although the Oregon General Form of Agreement for the Sale of Goods may vary slightly depending on the specific circumstances and needs of the transaction, there are typically two main types: 1. Standard Oregon General Form of Agreement for the Sale of Goods: This is the most commonly used form and is applicable to general sales of goods in Oregon. It covers basic provisions and is suitable for most standard transactions. 2. Customized Oregon General Form of Agreement for the Sale of Goods: In some cases, parties may have unique requirements or wish to modify the standard agreement to better suit their specific needs. In such instances, a customized version of the agreement can be drafted, incorporating additional terms or conditions agreed upon between the buyer and seller. It is crucial for parties involved in the sale of goods in Oregon to carefully review and understand the terms and conditions specified in the General Form of Agreement for the Sale of Goods. Consulting with a legal professional to ensure compliance with Oregon laws and regulations is highly recommended.The Oregon General Form of Agreement for the Sale of Goods is a legally binding document that outlines the terms and conditions of a transaction involving the sale of goods in the state of Oregon. This agreement serves to protect the rights and interests of both the buyer and the seller, ensuring a fair and mutually beneficial exchange. The primary purpose of the Oregon General Form of Agreement for the Sale of Goods is to clearly define the rights, obligations, and responsibilities of each party involved in the transaction. It covers essential aspects such as the identification and description of the goods being sold, the purchase price, payment terms, delivery and shipping terms, inspection and acceptance procedures, warranties, remedies for breach of contract, and any additional terms agreed upon by the parties. This agreement is designed to adhere to the laws and regulations specific to Oregon, ensuring compliance with the state's commercial code and other relevant statutes. It is important for buyers and sellers to familiarize themselves with these regulations to ensure their agreement meets all legal requirements. Although the Oregon General Form of Agreement for the Sale of Goods may vary slightly depending on the specific circumstances and needs of the transaction, there are typically two main types: 1. Standard Oregon General Form of Agreement for the Sale of Goods: This is the most commonly used form and is applicable to general sales of goods in Oregon. It covers basic provisions and is suitable for most standard transactions. 2. Customized Oregon General Form of Agreement for the Sale of Goods: In some cases, parties may have unique requirements or wish to modify the standard agreement to better suit their specific needs. In such instances, a customized version of the agreement can be drafted, incorporating additional terms or conditions agreed upon between the buyer and seller. It is crucial for parties involved in the sale of goods in Oregon to carefully review and understand the terms and conditions specified in the General Form of Agreement for the Sale of Goods. Consulting with a legal professional to ensure compliance with Oregon laws and regulations is highly recommended.
