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NEVADA STATUTES AND CODES

374.050 - “Purchase” defined.

374.050  “Purchase” defined.

      1.  “Purchase” means any transfer, exchange or barter, conditional or otherwise, in any manner or by any means whatsoever, of tangible personal property for a consideration.

      2.  A transaction whereby the possession of property is transferred but the seller retains the title as security for the payment of the price is a purchase.

      3.  A transfer for a consideration of tangible personal property which has been produced, fabricated or printed to the special order of the customer, or of any publication, is also a purchase.

      (Added to NRS by 1967, 897)

     

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