Handsale, Or Handsel in United States
Handsale, Or Handsel Definition
Anciently, among all the northern nations, shaking of hands was held necessary to bind a bargain, a custom still retained in verbal contracts. A sale thus made was called handsale, venditio per mutuam manum complexionem. In process of time, the same word was used to signify the price or earnest which was given immediately after the shaking of hands, or instead thereof. In some parts of the country it is usual to speak of hand money, as the part of the consideration paid or to be paid at the execution of a contract of sale. 2 Bl. Comm. 448; Heinec. Elem. Jur. Civ. lib. 2, § 335; Toullier, Dr. Civ. liv. 3, tit. 3, c. 2, note 33.
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Legal Issue for Attorneys
Anciently, among all the northern nations, shaking of hands was held necessary to bind a bargain, a custom still retained in verbal contracts. A sale thus made was called handsale, venditio per mutuam manum complexionem. In process of time, the same word was used to signify the price or earnest which was given immediately after the shaking of hands, or instead thereof. In some parts of the country it is usual to speak of hand money, as the part of the consideration paid or to be paid at the execution of a contract of sale. 2 Bl. Comm. 448; Heinec. Elem. Jur. Civ. lib. 2, § 335; Toullier, Dr. Civ. liv. 3, tit. 3, c. 2, note 33.
Notice
This definition of Handsale, Or Handsel is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.