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LSDefine

Simple English definitions for legal terms

purchase, words of

Read a random definition: funded

A quick definition of purchase, words of:

Words of purchase refer to the language used in a legal document, such as a deed or will, that specifies who will receive the property being transferred. For example, if a deed says "to A for life with a remainder to her heirs," it means that A has a right to use the property during her lifetime, and after she dies, the property will go to her heirs. These words are important because they determine who has legal ownership of the property.

A more thorough explanation:

Definition: Words of purchase refer to the language used in a legal document, such as a deed or will, that specifies who will receive the property or assets being transferred. For example, if a deed states "to A for life with a remainder to her heirs," it means that A has a life estate in the property and after her death, the property will pass to her heirs.

Examples:

  • A father writes a will leaving his house "to my daughter, Sarah, and her heirs." This is an example of words of purchase because it specifies who will receive the property (Sarah and her heirs).
  • A couple purchases a piece of land and the deed states "to John and Jane as joint tenants with right of survivorship." This is an example of words of purchase because it specifies who will own the property (John and Jane) and how they will own it (as joint tenants with right of survivorship).

These examples illustrate how words of purchase are used to clearly identify who will receive the property or assets being transferred in a legal document. This language is important because it helps prevent confusion or disputes over ownership rights.

purchase | purchase accounting method

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@KnowledgeableRitzyWasp: what are legit side hustles you have seen people do in LS?
lilypadfrog
11:56
LSAT tutoring
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
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?
TackyProudYogurt
11:58
I have missed every A call I have received because I have a job and they all call at like 11 am
Trismegistus
11:58
what an excellent problem to have
am I being dumb to even think I have a chance at penn
should I just give up hope now
11:59
i tutored for the lsat in college lol, i went to a rich people school so the parents were happy to shell out money to a kid who didnt even have an official score yet
12:00
you have a great shot bulldog
the R's are killing any confidence I had
12:01
reddit says penn is calling, also same the umich r that early was disheartening
wonder what cornblatt is doing rn
lilypadfrog
12:01
stroking it
PuppyBot
12:01
lmaooo
i knew those group interviews existed for nefarious purposes
jackfrost11770
12:03
Oh I'm straight up not getting decisions until March am I
jackfrost11770
12:03
Awesome
me too
lilypadfrog
12:04
getting a ton of t14 As in March probably feels so good if you’re jackfrost
@BulbasaurNoLikeCardio: nobody i know does a side hustle because law school 1L is legit insanely hard
GreyCeaselessMammoth
12:05
@CurvyHypnoticSheepdog: what nefarious purposes??
Trismegistus
12:05
turned on my ringer and my email notification sound SCARED ME
@GreyCeaselessMammoth: it was a joke lol dw
12:05
morning lsd
@KnowledgeableRitzyWasp: damn, I am going to really need to find cheaper hobbies
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