Concept #672227 — Terminology | Gaois research group

ENVIRONMENT

purchase: en; Definition "1 The act of and the function of responsibility for the acquisition of equipment, materials, supplies, and services, including: buying, determining the need, selecting the supplier, arriving at a fair and reasonable price and terms and conditions, preparing the contract or purchase order, and follow up. 2 Transmission of property from one person to another by voluntary act and agreement, founded on a valuable consideration. In a technical and broader meaning relative to land, generally means the acquisition of real estate by any means whatever except by descent. Includes taking by sale, discount, negotiation, mortgage, pledge, lien, issue or re-issue, gift or any other voluntary transaction creating an interest in property. The term ""purchase"" includes any contract to purchase or otherwise acquire." Reference .JJK/WESTS;