California Business and Professions Code 2538.15 – “Sell” or “sale” means any transfer of title or of the right to use …
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“Sell” or “sale” means any transfer of title or of the right to use by lease, bailment, or any other contract, excluding wholesale transactions with distributors or dealers.
(Added by Stats. 2011, Ch. 449, Sec. 9. (SB 933) Effective January 1, 2012.)
Terms Used In California Business and Professions Code 2538.15
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC