Which term describes the transfer of title to goods from a seller to a buyer for a price?

The term that describes the transfer of title to goods from a seller to a buyer for a price is "sale." A sale involves an agreement where the seller provides goods or services, and in return, the buyer pays a monetary value. This transaction is fundamental in commerce and is characterized by the exchange of ownership—once the goods are sold, the title shifts from the seller to the buyer, effectively transferring rights of ownership.

In contrast, a contract refers to a broader legal agreement that may outline terms beyond just the purchase of goods, including services or other obligations. A lease involves the temporary transfer of property use, where the lessee pays for the right to use an asset but does not receive ownership. A gift entails a transfer of property without any exchange of value, meaning there is no price involved in this transaction.

Thus, understanding that a sale specifically captures the essence of a transaction where goods are exchanged for monetary compensation is crucial for distinguishing it from other terms related to property and ownership transfers.