Bargain And Sale in United States
Bargain And Sale Definition
A contract or bargain by the owner of land, in consideration of money or its equivalent paid, to sell land to another person, called the “bargainee,” whereupon a use arises in favor of the latter, to whom the seisin is transferred by force of the statute of uses. 2 Washb. Real Prop. 128. A real contract, whereby a person bargains and. sells his lands to another for a pecuniary consideration, in consequence of which a use arises to the bargainee, and by the statute of uses the legal estate and actual possessions are immediately transferred to the cestui que use without any entry or other act on his part, thus dispensing with livery of seisin. Devi. Deeds, § 23.
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Legal Issue for Attorneys
A contract or bargain by the owner of land, in consideration of money or its equivalent paid, to sell land to another person, called the “bargainee,” whereupon a use arises in favor of the latter, to whom the seisin is transferred by force of the statute of uses. 2 Washb. Real Prop. 128. A real contract, whereby a person bargains and. sells his lands to another for a pecuniary consideration, in consequence of which a use arises to the bargainee, and by the statute of uses the legal estate and actual possessions are immediately transferred to the cestui que use without any entry or other act on his part, thus dispensing with livery of seisin. Devi. Deeds, § 23.
Notice
This definition of Bargain And Sale is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
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