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- In law, the term “purchase” is used to describe any mode of acquiring real property other than by inheritance12. In its most technical sense, purchase refers to the lawful acquisition of real estate by any means except descent2. The term “purchase” can also refer to taking property by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction creating an interest in property3. A purchase agreement is a legally binding contract between a buyer and seller that outlines the purchase price and other conditions under a title transfer4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The word “purchase” is used in law in contradistinction to “descent,” and means any other mode of acquiring real property than by the common course of in- heritance.thelawdictionary.org/purchase/In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by any means whatever, except descent. It is thus defined by Littleton, section 12.legal-dictionary.thefreedictionary.com/purchase(29) " Purchase " means taking by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction creating an interest in property.www.law.cornell.edu/ucc/1/1-201A purchase agreement is a legally binding contract between a buyer and seller. These agreements usually relate to the buying and selling of goods instead of services, and they can cover transactions for just about any type of product. In real estate, a purchase agreement outlines the purchase price and other conditions under a title transfer.www.upcounsel.com/definition-of-purchase-agree…
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- verbpurchase (verb) · purchases (third person present) · purchased (past tense) · purchased (past participle) · purchasing (present participle)nounpurchase (noun) · purchases (plural noun)
- the action of buying something:"the large number of videos currently available for purchase" · "we carefully make our purchases after consulting each other"
OriginMiddle English: from Old French pourchacier ‘seek to obtain or bring about’, the earliest sense also in English, which soon gave rise to the senses ‘gain’ (hence, in nautical use, the notion of ‘gaining’ one portion of rope after another) and ‘buy’. Purchase legal definition of Purchase - TheFreeDictionary.com …
WEBTo buy; the transfer of property from one person to another by an agreement. Under the Uniform Commercial Code (UCC), taking by sale, discount, negotiation, mortgage, pledge, lien, issue, reissue, gift, or any voluntary transaction. West's Encyclopedia of …
See results only from legal-dictionary.thefreedictionary.comPurchase Order
A document authorizing a seller to deliver goods, with payment to be made at a …
§ 1-201. General Definitions. | Uniform Commercial Code | US …
WEBThe web page provides the legal definition of purchase and related terms in the Uniform Commercial Code, a set of laws governing commercial transactions in the United …
PURCHASE Definition & Meaning - Black's Law Dictionary
WEBPURCHASE Definition & Legal Meaning. Definition & Citations: The word “purchase” is used in law in contradistinction to “descent,” and means any other mode of acquiring …
- Estimated Reading Time: 1 min
Purchase - FindLaw Dictionary of Legal Terms
WEBPurchase. purchase vb. pur·chasedpur·chas·ingvt1: to acquire (real property) by means other than descent or inheritance 2: to obtain by paying money or giving other valuable …
- Estimated Reading Time: 3 mins
What are Purchase Agreements Used For? | LegalMatch
WEBDec 3, 2020 · A purchase agreement is a legally binding contract between a purchaser and a seller. It is a legal document that outlines the different terms and conditions that …
- Estimated Reading Time: 8 mins
Purchasing Law and Legal Definition | USLegal, Inc.
WEBPurchasing Law and Legal Definition. Purchasing is the act of buying the goods and services that a company needs to operate and/or manufacture products.
Purchase Definition & Meaning - Merriam-Webster
WEBHow to use purchase in a sentence. to obtain by paying money or its equivalent : buy; to acquire (real estate) by means other than descent; to obtain by labor, danger, or …
Definition of PURCHASE • Law Dictionary • TheLaw.com
WEBLegal definition for PURCHASE: In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by any means whatever, except …
What Is Purchase and Sale Agreement Definition? - UpCounsel
WEBFeb 1, 2023 · Purchase and sale agreement definition is a type of legal contract that creates an obligation for the purchaser to buy a product or a service and for the …
Tags:Legal Definition of PurchaseContract LawPurchase and Sale Agreement+2Purchase Agreement DefinitionSales and Purchase AgreementBUY Definition & Meaning - Black's Law Dictionary
WEBBUY Definition & Legal Meaning. Definition & Citations: To acquire the ownership of property by giving an accepted price or consideration therefor; or by agreeing to …
Purchase Order Law | UpCounsel 2024
WEBA purchase order is a document that is sent from the buyer to the supplier to place an order. The purchase order often includes the type of item, the quantity requested, and …
Definition of PURCHASE AGREEMENT • Law Dictionary • …
WEBLegal definition for PURCHASE AGREEMENT: An contract to buy or purchase goods, services or other items which contains the terms and essential conditions.
Purchases legal definition of purchases - TheFreeDictionary.com …
WEBPurchase. To buy; the transfer of property from one person to another by an agreement. Under the Uniform Commercial Code (UCC), taking by sale, discount, …
Sales and Purchase Agreement (SPA): What It Is, With Examples
WEBAug 2, 2023 · A sales and purchase agreement (SPA) is a binding legal contract that obligates a buyer to buy and a seller to sell a product or service. SPAs are often …
Purchase Order Definition: 16k Samples | Law Insider
WEBPurchase Order or "PO" means the document which directs a Contractor to deliver items of tangible personal property or services pursuant to an existing, valid Contract. …
Tags:Legal Definition of PurchaseContract Purchase+3Purchase Order VerbiagePurchase Order InformationPurchase Order Definition18 U.S. Code § 932 - LII / Legal Information Institute
WEBIt shall be unlawful for any person to knowingly purchase, or conspire to purchase, any firearm in or otherwise affecting interstate or foreign commerce for, on behalf …
Tags:18 U.S.C. 93218 Usc 922 Straw PurchaseControlled Substances+2Firearm Straw Purchase LawFederal Straw Purchase StatuteStraw Buying: What it Means, How it Works, Examples
WEBJun 8, 2022 · Straw Buyer: Definition, Purposes, Examples, and Legality A straw buyer is a person who makes a purchase on behalf of another person or group, usually to...
PURCHASE Definition & Meaning | Dictionary.com
WEBnoun. acquisition by the payment of money or its equivalent; buying, or a single act of buying. something that is purchased or bought. something purchased, with respect to …
purchase meaning - Legal definition - World Law Dictionary
WEBDefinitions of purchase. (FORMAL) to buy something. He purchased his house when the real estate market was at a low. (FORMAL) to buy something.
Straw purchase - Wikipedia
WEBA straw purchase or nominee purchase is any purchase wherein an agent agrees to acquire a good or service for someone who is often unable or unwilling to …
Word of purchase Definition & Meaning | Merriam-Webster Legal
WEBMay 2, 2024 · The meaning of WORD OF PURCHASE is a word in a deed or will that shows who is to receive the estate —usually used in pl..
What is straw purchasing a gun? | The Hill
WEBJun 13, 2022 · A straw purchase, as defined by the Bureau of Alcohol, Tobacco, Firearms and Explosives, involves someone who purchases a gun for someone who is …
Tags:Federal Law On Straw Gun PurchasesExamples of Straw Purchases+3Straw Gun Purchase DefinitionStraw Purchase LawStraw Purchasing of A Firearm
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