Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

bargain and sale

Read a random definition: Uniform Interstate Juvenile Compact

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.