What is BARTER? Definition of BARTER in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
A contract by which parties exchange goods or commodities for other goods. Finker v. Boyer, 331 Mo. 1242, 56 S.W.2d 372.
It differs from sale, in this : that in the latter transac- tion goods or property are always exchanged for money. Guerreiro v. Peile, 3 Barn. & Ald. 617; Cooper v. State, 37 Ark. 418; Meyer v. Rousseau, 47 Ark. 460, 2 S. W. 112. In a sale there is a fixed price; in a barter there is not. Speigle v. Meredith, 4 Biss. 120, Fed.Cas.No.13,227.
This term is not applied to contracts .concerning land, but to such only as relate to goods and chattels. Speigle Meredith, 4 Biss. 123, Fed.Cas.No.13,227.
It sometimes signifies a corrupt transaction. In re Troy, 43 R.I. 279, 111 A. 723, 724.
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That's the definition of BARTER in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
