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In short, it is "commerce"
To buy or sell is predicated on Contract. Buying or selling is irrelevant, but you need:
(1) Offer (I am offering you a 'mug')
(2) Acceptance (I accept on the terms)
(3) Consideration (What the 'acceptor', or buyer gives in exchange for the mug. This can be a service, a promise, or anything in value or money)
(4) Agreement ( The meeting of minds)
A contract will necessary pass on property in goods or services; and certainly in goods, the seller must pass good 'paper title' or ownership to the buyer so that the buyer can become the owner.
If services are agreed for, then the one who buys the services will have a legal personal right against the other for those services whether or not he has already paid for the services (or consideration has passed).
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∙ 12y ago
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What is commerce and trade?
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What is The practice of buying and selling goods and services over the internet is known as?
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What is The practice of buying and selling goods and services over the Internet known as?
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What is trade and commerce?
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