Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

bargain-and-sale deed

Read a random definition: misconduct

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

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
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.