A ________ is defined as the passing of title of goods from a seller to a buyer for a price.
A) lease
B) sale
C) loan
D) gift

Question

Quizplus · Accepted Answer

A sale is the only option that involves the passing of title of goods from a seller to a buyer for a price. A lease involves the temporary transfer of possession but not title, a loan involves the transfer of money but not title, and a gift involves the transfer of goods without a price.

A ________ Is Defined as the Passing of Title of Goods