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Simple English definitions for legal terms

bargain-and-sale deed

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A quick definition of bargain-and-sale deed:

A bargain-and-sale deed is a written document that transfers ownership of property from one person to another in exchange for money, but it does not guarantee that the seller has a clear title to the property. This means that the buyer takes on the risk of any legal issues with the property. A deed is a legal document that proves ownership of property and can be used in court if there are any disputes.

A more thorough explanation:

Definition: A written instrument that conveys property to a buyer for valuable consideration but lacks any guarantee from the seller about the validity of the title.

Example: John sells his house to Jane for $100,000 using a bargain-and-sale deed. John does not make any promises about the title of the property, and Jane takes the risk that there may be issues with the title.

Explanation: A bargain-and-sale deed is a type of deed that is used in real estate transactions. It is different from other types of deeds, such as a warranty deed, because it does not provide any guarantees about the title of the property. This means that the buyer takes on the risk that there may be issues with the title, such as liens or other claims. In the example, John sells his house to Jane using a bargain-and-sale deed, which means that Jane is taking on the risk that there may be issues with the title.

bargain and sale | bargained-for exchange

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General chat about the legal profession.

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Trismegistus

11:47

penn was oct

PuppyBot

11:47

why does everyone want to be a lawyer

PuppyBot

11:47

jacking my style all of a sudden

cumsock

11:49

"But I also want to end on this note. Don't be afraid of being wrong. And what I mean by that is, being wrong about a school. I applied to Princeton coming out of high school and didn't get in. I ended up going to Vanderbilt. I could never see myself having gone anywhere but Vanderbilt." -Spivey

cumsock

11:49

this type of advice makes me so pissed like brotha

Trismegistus

11:50

why

whenpigsfly

11:51

omg another penn

whenpigsfly

11:51

its happening

BulbasaurNoLikeCardio

11:51

@shaquilleoatmeal: I am now 31 and in group chats with people in their 50s and in their early 20s, as long as it isn't something weird being in the meme chat is chill

Trismegistus

11:51

are people fucking with me or what

siroracle

11:51

The crux of the advice is apply to worse schools and take what ya get

Trismegistus

11:52

does penn call or update to portal/ email?

cumsock

11:52

@Trismegistus: cus how does not getting into the best school in the country and "settling" for one of the most prestigious schools in vandy help anyone realistically

SickToughBulldog

11:52

@Trismegistus: ^^^^

whenpigsfly

11:52

p sure they call

cumsock

11:52

ig it only helps people who are ab to jump off a bridge if they dont get into YLS

Trismegistus

11:53

@cumsock: yeah, im not sure really, i think it's just that, life is what you make it, peace with your fate once it happens? idk, i agree with you though

HopefullyInLawSchool

11:53

Another day another dollar

KnowledgeableRitzyWasp

11:53

@cumsock: yeah lmao guy is such a prick, my bad i had to settle for vandy

lilypadfrog

11:54

he is a terrible writer. his personal writing blog is shockingly bad

KnowledgeableRitzyWasp

11:55

@lilypadfrog: are there flowers on your lily pad?

Mostlylegal

11:55

how was your first day of classes @knowledge

BulbasaurNoLikeCardio

11:56

@KnowledgeableRitzyWasp: what are legit side hustles you have seen people do in LS?

lilypadfrog

11:56

LSAT tutoring

BulbasaurNoLikeCardio

11:57

That is not an option for me lmao

lilypadfrog

11:57

@KnowledgeableRitzyWasp: yeah there are a couple thanks for asking

HopefullyInLawSchool

11:57

Guys this UPenn wave looks fake

BigStrongBug

11:57

I genuinely hate places that call because it turns things into a day-long stress instead of just being like oop I didn't get an email oh well

Trismegistus

11:58

how does it look fake

pleasepleasepleas

11:58

does Michigan call or email?

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