S.C. Code § 12-36-100

Current through 2024 Act No. 225.

Section 12-36-100 - "Sale" and "purchase"

"Sale" and "purchase" mean any transfer, exchange, or barter, conditional or otherwise, of tangible personal property for a consideration including:

(1) a transaction in which possession of tangible personal property is transferred but the seller retains title as security for payment, including installment and credit sales;

(2) a rental, lease, or other form of agreement;

(3) a license to use or consume; and

(4) a transfer of title or possession, or both.

S.C. Code § 12-36-100

1990 Act No. 612, Part II, Section 74A.