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LSDefine

Simple English definitions for legal terms

bargain and sale

Read a random definition: vectura

A quick definition of bargain and sale:

Term: Bargain and Sale

Definition: Bargain and sale is a way of buying things like goods, services, or land. It can also refer to a written agreement for the sale of land where the buyer gives valuable consideration without having to enter the land. This creates an equitable estate in the buyer until legal title is transferred to them by delivery of a deed. In simpler terms, it's a way of buying things where the buyer agrees to pay for it without having to physically take possession of it right away.

A more thorough explanation:

Bargain and sale refers to a negotiated transaction for goods, services, or real property. In the past, it also referred to a written agreement for the sale of land where the buyer would give valuable consideration without having to enter the land and perform livery of seisin. This created an equitable estate in the buyer until legal title was transferred to them by delivery of a deed.

  • Buying a car from a dealership is an example of a bargain and sale transaction.
  • In the past, a bargain and sale agreement for the sale of land would be used. For instance, if a buyer wanted to purchase a piece of land, they would give valuable consideration to the seller without having to enter the land and perform livery of seisin. This created an equitable estate in the buyer until legal title was transferred to them by delivery of a deed.

The examples illustrate how a bargain and sale transaction can be used for various types of goods and services, including real property. It also shows how the historical use of a bargain and sale agreement for the sale of land worked to create an equitable estate in the buyer until legal title was transferred to them.

bar examiner | bargain-and-sale deed

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Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
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9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
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