Virginia Agreement between Dealer and Customer for Sale of Goods
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Description
A dealer acts as an intermediary between prospective buyers and sellers. A dealer is an agent employed to bargain and contract between other persons in matters of trade, commerce, or navigation. A dealer is also said to be someone who purchases and maintains inventory of goods under an authorization for sale or distribution in a particular area.
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 sale of goods is governed by Article 2 of the Uniform Commercial Code (UCC), a form of which has been adopted the state legislatures of every state.
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