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The seller of the Replacement Property

Seller (Wikipedia)

Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale.

200px Hollister%2C Trinity Leeds %2812th April 2014%29
A Hollister Co. store in Leeds, England; the clothing retailing is a prominent sales market
200px Salesman beach bikini sun 27Dec2008
A beach salesman showing necklaces to a tourist in Mexico
200px An ordianry fair in a rural village of sri lanka
A vegetable seller in a rural Sri Lankan village

The seller, or the provider of the goods or services, completes a sale in response to an acquisition, appropriation, requisition, or a direct interaction with the buyer at the point of sale. There is a passing of title (property or ownership) of the item, and the settlement of a price, in which agreement is reached on a price for which transfer of ownership of the item will occur. The seller, not the purchaser, typically executes the sale and it may be completed prior to the obligation of payment. In the case of indirect interaction, a person who sells goods or service on behalf of the owner is known as a salesman or saleswoman or salesperson, but this often refers to someone selling goods in a store/shop, in which case other terms are also common, including salesclerk, shop assistant, and retail clerk.

In common law countries, sales are governed generally by the common law and commercial codes. In the United States, the laws governing sales of goods are somewhat uniform to the extent that most jurisdictions have adopted Article 2 of the Uniform Commercial Code, albeit with some non-uniform variations.

Seller (Wiktionary)

English

Pronunciation

  • (UK) IPA(key): /ˈsɛlə/
  • (US) IPA(key): /ˈsɛlɚ/ enPR: sĕl-ər
  • Rhymes: -ɛlə(ɹ)
  • Homophone: cellar

Etymology 1

From Middle English

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