When companies move or redesign their offices, they can often find themselves with furniture they no longer need or want.That’s where furniture liquidation comes into play.Some agreements that seem to be leases may really be conditional sales contracts.The intention of the parties to the agreement can help you distinguish between a sale and a lease.
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A sale is a transfer of property for money or a mortgage, note, or other promise to pay money.
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Furniture liquidation is when a business sells a batch of old or unwanted furniture in order to free up space for their new furniture.