Simple English definitions for legal terms
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Definition: Catching bargain is when someone agrees to buy or sell something on unfair terms, especially when the other person has a future interest in the property. This is not allowed by law because it is unfair and takes advantage of someone.
Catching bargain is an agreement to purchase real property or loan money secured by real property from a person who has an expectant or reversionary interest in the property on unconscionable terms. This means that the terms of the agreement are unfair and unreasonable.
These examples illustrate how catching bargain and illegal bargain can be used to exploit vulnerable individuals or circumvent the law. It is important to be aware of these types of agreements and to seek legal advice if you are unsure about the terms of a contract.