bargain and sale

In conveyancing, the transferring of the property of a thing from one to another, upon valuable consideration, by way of sale. A contract or bargain by the owner of land, in consideration of money or its equivalent paid, to sell land to another person, called the "bargainee," whereupon a use arises in favor of the latter, to whom the seisin is transferred by force of the statute of uses. The expression "bargain and sale" is also applied to transfers of personalty, in cases where there is first an executory agreement for the sale (the bargain), and then an actual and completed sale

Black's law dictionary. . 1990.

Look at other dictionaries:

  • Bargain and sale — Bargain Bar gain, n. [OE. bargayn, bargany, OF. bargaigne, bargagne, prob. from a supposed LL. barcaneum, fr. barca a boat which carries merchandise to the shore; hence, to traffic to and fro, to carry on commerce in general. See {Bark} a vessel …   The Collaborative International Dictionary of English

  • bargain and sale — n. A contract commonly used in real estate to transfer title and use of property from buyer to seller; does not include warranties against liens or encumbrances. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy …   Law dictionary

  • bargain and sale — noun law : a conveyance by which the vendor contracts for a consideration paid to convey the lands to the vendee and becomes by such contract a trustee for and seized to the use of the vendee see bargainee, bargainor * * * bargain and sale In law …   Useful english dictionary

  • bargain and sale — A deed in the form of a contract which became effective to transfer legal title by virtue of the Statute of Uses. 23 Am J2d Deeds § 13. A sale of personal property which vests title in the buyer, 46 Am J1st Sales § 2. A contract within the… …   Ballentine's law dictionary

  • bargain and sale deed — see deed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Bargain and sale deed — A bargain and sale deed is in United States real property law, a deed conveying real property without covenants . [Black s Law Dictionary, p. 46 (2001 edition).] This is a deed for which the grantor implies to have or have had an interest in the… …   Wikipedia

  • bargain and sale deed — See bargain and sale …   Ballentine's law dictionary

  • bargain and sale deed — A deed that has a recitation of consideration coupled with words of conveyance of real property. It is a form of deed of conveyance without any covenants; a bare conveyance to grantee of whatever interest grantor has at time of the conveyance.… …   Black's law dictionary

  • deed of bargain and sale — See deed of purchase …   Ballentine's law dictionary

  • bargain — bar·gain 1 n often attrib [Old French bargaigne negotiation, haggling, from bargaignier to haggle] 1: an agreement between parties that settles what each gives or receives (as a promise or performance) in a transaction between them compare… …   Law dictionary

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