A legally enforceable agreement that has as a purpose the immediate transfer of title to personal property in return for consideration is a contract for sale.

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Quizplus · Accepted Answer

This statement is true. A contract for sale is an agreement in which one party agrees to transfer title to personal property to another party in exchange for consideration. It is a legally binding agreement and enforceable by law.

A Legally Enforceable Agreement That Has as a Purpose the Immediate