bargain and sale definition

  • noun:
    • a species of conveyance, where the bargainor contracts to mention the lands towards the bargainee, and becomes by these types of contract a trustee for and seized toward use of the bargainee. The statute then finishes the purchase; i. e., the deal vests the utilization, additionally the statute vests the control.
    • a species of conveyance, wherein the bargainor contracts to share the places into the bargainee, and becomes by these types of contract a trustee for and seized on use of the bargainee. The statute then finishes the acquisition; i. e., the steal vests the utilization, in addition to statute vests the ownership.
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