Purchase in United States
Purchase Definition
In the broadest sense, the transmission of property from one person to another by their voluntary agreement on a valuable consideration. 4 Kent, Comm. 509. In a stricter sense, a term including every mode of acquisition of estate known to the law, except that by which an heir on the death of his ancestor becomes substituted in his place as owner by operation of law. 2 Washb. Real Prop. 401. There are six ways of acquiring” a title by purchase, namely: By deed; by devise; by execution; by prescription; by possession or occupancy; by escheat. In its more limited sense, “purchase” is applied only to such acquisitions of lands as are obtained by way of bargain and sale for money or some other valuable consideration. Cruise, Dig. tit. 30, §§ 1-4; 1 Dall. (Pa.) 20. In common parlance, purchase signifies the buying of real estate and of goods and chattels.
Purchase in Foreign Legal Encyclopedias
| Link | Description |
|---|---|
| Purchase | Purchase in the World Legal Encyclopedia. |
| Purchase | Purchase in the European Legal Encyclopedia. |
| Purchase | Purchase in the Asian Legal Encyclopedia. |
| Purchase | Purchase in the UK Legal Encyclopedia. |
| Purchase | Purchase in the Australian Legal Encyclopedia. |
For starting research in the law of a foreign country:
Browse the American Encyclopedia of Law for Purchase
Scan Purchase in the appropriate area of law:
| Link | Description |
|---|---|
| Purchase | Purchase in the Family Law Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the IP Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the Commercial Law Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the Criminal Law Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the Antritrust Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the Constitutional Law Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the Tax Law Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the and Finance and Banking Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the Employment and Labor Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
| Purchase | Purchase in the Environmental Law Portal of the American Encyclopedia of Law. |
Explore other Reference Works
| Resource | Description |
|---|---|
| Purchase in the Dictionaries | Purchase in our legal dictionaries |
| http://lawi.us/purchase | The URI of Purchase (more about URIs) |
| Purchase related entries | Find related entries of Purchase |
Legal Issue for Attorneys
In the broadest sense, the transmission of property from one person to another by their voluntary agreement on a valuable consideration. 4 Kent, Comm. 509. In a stricter sense, a term including every mode of acquisition of estate known to the law, except that by which an heir on the death of his ancestor becomes substituted in his place as owner by operation of law. 2 Washb. Real Prop. 401. There are six ways of acquiring” a title by purchase, namely: By deed; by devise; by execution; by prescription; by possession or occupancy; by escheat. In its more limited sense, “purchase” is applied only to such acquisitions of lands as are obtained by way of bargain and sale for money or some other valuable consideration. Cruise, Dig. tit. 30, §§ 1-4; 1 Dall. (Pa.) 20. In common parlance, purchase signifies the buying of real estate and of goods and chattels.
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Notice
This definition of Purchase Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..
Purchase (Interpretation)
This section introduces, discusses and describes the basics of purchase. Then, cross references and a brief overview about Interpretation is provided. Finally, the subject of General Provisions in relation with purchase is examined. Note that a list of cross references, bibliography and other resources appears at the end of this entry.
Resources
See Also
Further Reading (Articles)
Purchase of Laboratory Consumable Materials, Mena Report; April 11, 2014
Purchase Card Use by the U.S. Government: Growth and Future Opportunity, The Journal of Government Financial Management; July 1, 2007; Gupta, Mahendra Palmer, Richard
“Fraudulent-Purchase Alarm System, Fraudulent-Purchase Alarm Method, and Recording Medium” in Patent Application Approval Process, Politics & Government Week; July 11, 2013
Avoiding Purchase Option Pitfalls., Mondaq Business Briefing; August 11, 2004
Purchase Line Shuts Down Ram Runners, Tribune-Review/Pittsburgh Tribune-Review; November 16, 2007; Stout, Jared
Split Purchases; an Underutilized Tax Saving Technique, The National Public Accountant; July 1, 1990; Auster, Rolf
Purchase of Corporate Bonds by Credit Institutions and Foreign Bank Branches., Mondaq Business Briefing; October 12, 2011; Mai Phuong Nguyen
Purchase Cards: Increased Management Oversight and Control Could Save Hundreds of Millions of Dollars., General Accounting Office Reports & Testimony; August 1, 2004
VHA Purchase Cards: Internal Controls Over the Purchase Card Program Need Improvement., General Accounting Office Reports & Testimony; August 1, 2004
Patent Issued for Betting Ticket Purchase System, Method of Controlling a Betting Ticket Purchase System, Program, and Recording Medium, Journal of Engineering; January 1, 2014
DHS PURCHASE CARDS: CREDIT WITHOUT ACCOUNTABILITY, US Fed News Service, Including US State News; July 19, 2006
Federal Purchases Fall in Area; Northern Va. Feels Most of Cuts’ Impact, The Washington Post; May 25, 1989; Sandra Sugawara
Property purchase by foreign investors, New Straits Times; December 2, 2011; Raddy Soo
Compulsory Purchase – New Guidance., Mondaq Business Briefing; November 14, 2011
HUD Purchase Cards: Poor Internal Controls Resulted in Improper and Questionable Purchases., General Accounting Office Reports & Testimony; May 1, 2003
Profiting from purchase orders. (builders), Builder; February 1, 1993; Donahue, Gerry
Patent Application Titled “Purchase Management Apparatus, Purchase Management Method, Purchase Management Program and Storage Medium” Published Online, Politics & Government Week; April 17, 2014
Compulsory Purchase – A Review., Mondaq Business Briefing; March 30, 2011
Plastic purchases in India may grow over 50% in 5 years., Economic Times (New Delhi, India); September 21, 2007
Purchase Cards: Control Weaknesses Leave DHS Highly Vulnerable to Fraudulent, Improper, and Abusive Activity., General Accounting Office Reports & Testimony; August 1, 2006
Purchase And Leaseback in the context of Real Estate
Resurces
See Also
- Sale-Leaseback
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