Spot Sale Law and Legal Definition
If a buyer purchases the commodity for cash and the seller delivers the good on the spot, it is called a spot sale. A spot sale reflects the current price, and therefore the actual present value, of the commodity. [Hershey v. Energy Transfer Ptnrs., L.P., 610 F.3d 239, 241 (5th Cir. Tex. 2010)].
