76. Implied Warranty of Title..... 77. Implied Warranty in Sale by Description. Recovery upon Failure of Consideration.....361-364 HANDBOOK OF THE LAW OF SALES SECOND EDITION CHAPTER I. FORMATION OF THE CONTRACT. 1-4. In General. 5. Sale Distinguished from Other Transactions. 6-7. 1. SALE OF GOODS. A sale of goods is an agreement whereby one party, called the seller, transfers the property in goods to the other party, called the buyer, for a price in money, which the buyer pays or agrees to pay.1 1 Following, substantially, Sales Act, § 1 (2). Cf. Sale of Goods Act, $ 1. The following are some of the definitions of "sale": "A transmutation of property from one man to another in consideration of some price." 2 Bl. Comm. 446. "A contract for the transfer of property from one person to another for a valuable consideration." 2 Kent, TIFF.SALES (2d Ed.)—1 |