A contract pursuant to whose terms goods are transferred from seller to buyer is called sale.

The statement provides the fundamental definition of a "sale" as established in commercial law. A sale is a specific type of contract characterized by the transfer of title (ownership) of goods from a seller to a buyer in exchange for consideration, typically a price. This principle is a cornerstone of commercial transactions and is codified in legal frameworks like the Uniform Commercial Code (UCC), which governs the sale of goods in the United States. The CPCM certification requires a thorough understanding of these foundational commercial contracting principles.

B. False: This is incorrect because the statement is a standard and legally accurate definition of a sale of goods, forming the basis for commercial contracts covered by the UCC.

1. Uniform Commercial Code (UCC), § 2-106(1). As published by the Uniform Law Commission & American Law Institute. "A 'sale' consists in the passing of title from the seller to the buyer for a price (Section 2-401)." This is the official legal definition.

2. National Contract Management Association (NCMA). (2019). Contract Management Body of Knowledge (CMBOK) (6th ed.). Section 1.2.2, "Contract Principles." The CMBOK establishes that for contracts involving the sale of goods, the UCC provides the governing principles, including the definition of a sale.

3. Cornell Law School, Legal Information Institute (LII). "U.C.C. - ARTICLE 2 - SALES (2002)." This reputable university resource provides the official text of the UCC, confirming the definition in § 2-106. Available at: https://www.law.cornell.edu/ucc/2/2-106