barter

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Barter

The exchange of goods or services without the use of money as currency.

Barter is a contract wherein parties trade goods or commodities for other goods, as opposed to sale or exchange of goods for money. Barter is not applicable to contracts involving land, but solely to contracts relating to goods and services. For example, when a tenant exchanges the performance of various maintenance tasks around a house for free room and board, a barter has taken place.

barter

exchanging one thing for another. If there is money involved (a part exchange) then the transaction is probably one of sale. The position in the UK is that barter is now governed by the same kind of implied terms as a sale. See QUALITY, DESCRIPTION, TITLE.

BARTER. A contract by which the parties exchange goods for goods. To complete the contract the goods must be delivered, for without a delivery, the right of property is not changed.
     2. This contract differs from a sale in this, that barter is always of goods for goods, whereas a sale is an exchange of goods for money. In the former there never is a price fixed, in the latter a price is indispensable. All the differences which may be pointed out between these two contracts, are comprised in this; it is its necessary consequence. When the contract is an exchange of goods on one side, and on the other side the consideration is partly goods and partly money, the contract is not a barter, but a sale. See Price; Sale.
     3. If an insurance be made upon returns from a country where trade is carried on by barter, the valuation of the goods in return shall be made on the cost of those given in barter, adding all charges. Wesk. on Ins. 42. See 3 Camp. 351 Cowp. 818; 1 Dougl. 24, n.; 1 N. R. 151 Tropl. de l'Echange.

References in periodicals archive ?
A business can pay bartered goods or services as a bonus or as part of a compensation package to employees, partners and contractors.
Because a bartered transaction is essentially two transactions--the provision of a product or service in exchange for another product or service--the barter exchange underscores this distinction by providing a marketplace for the two transactions to be consummated independently of each other.
In the first part the author summarises the facts about The Bartered Bride from various perspectives including the social and political, and sets it in the immediate context of cultural events directly linked to the opera.
Another chapter is devoted to the history of the staging of The Bartered Bride.
Respondents were asked to indicate the reason for bartering, what value the bartered contract was reo corded at and who in the firm approved the bartering contract.
The use of barter middlemen appears to be common among Fortune 500 companies, as 42% of the respondents who bartered had used intermediaries.
If the bartered products show up in these protected markets, it violates the contract.
Another marketing opportunity involves the new markets Active has opened for Casio through remarketing bartered products.
Stations which use barter tend to give bartered goods to viewers, to charity, and/or use it in game shows or in-house.
I once bartered almost an entire party for 300 people.
In the event that two goods are bartered, it is the judge's responsibility or whom he designates, (24) to appraise both in order to estimate the tax amount.
If the inequality of bartered things makes illicit the exchange and barter of natural things--amongst which the barter is more legitimate or at least more natural (4)--more so will [the inequality of the bartered things] make illicit the barter of money, which being money is something artificial, not created in the first place to exchange one [piece of money] for another, but as price (5) [unit of measure of the value of things] that, wherever one went, might be taken in order to buy whatever was needed.