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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 ?
And as you and I have discussed in the past Ill bring up again , my opposition to the Departments practice in the past of bartering excess uranium to fund the cleanup and decommissioning of the Portsmouth Gaseous Diffusion Plant.
"Countries such as China could potentially be customers of Iran's handmade carpets and enter the carpet bartering system," she continued.
This brings us to the foundations of bartering, which are trust and perceived value.
Financial experts while speaking at a seminar on 'Digital Entrepreneurship and Bartering' here observed that bartering was viable solution for the developing economies like Pakistan where inflation was high, industrialization was declining and employment rate was low.
he said that said that bartering is viable solution for the developing economies like Pakistan where inflation is high, industrialization is declining and employment rate is low.
Several psychiatrists recommend against bartering for treatment, for a variety of reasons.
In statements to Daily News Egypt, El-Kawish said the new mechanism is not the same as the swapping system implemented during the rule of President Gamal Abdel Nasser, where he allowed full commercial bartering. Instead, it will mean buying commodities with other commodities after estimating their value in dollars, and it will be limited only to tourism activity.
There is no doubt that bartering has made a resurgence as an established form of trading across the globe.
Although considered an antiquated form of trading, bartering still has distinct advantages in the 21st century.
This is the manoeuvre space that will ensure bartering stays relevant for the times.
Donati said that it was like bartering but it also went beyond that because if you do a service for someone, in exchange you would get a time credit that you can cash back in for someone else's service.
It's also possible to acquire things you need from others by trading or bartering without any cash involved.