A 'contract between two parties, called, respectively, the “seller" (or vendor) and the “buyer,” (or purchaser,) by whlch the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title and the possesslon of an object of property. See Pard. Drolt Commer. J 6; 2 Kent4, Comm. 863; Poth. Cont Sale, | 1
Source: Black's Law Dictionary 2nd Ed (1910)
