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Bargain and sale

noun

Definitions

Noun
  1. 1
    A form of conveyance by which the bargainor contracts to convey the lands to the bargainee and becomes by such contract a trustee for and seized to the use of the bargainee. The statute then completes the purchase, i.e. the bargain vests the use, and the statute vests the possession.

    "A thirteenth species of conveyance , introduced by this statute , is that of a bargain and sale of lands ; which is a kind of real contract , whereby the bargainor , for some pecuniary consideration , bargains and sells"

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