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- Lawful acquisition of real estateIn legal terms, "purchase" refers to the lawful acquisition of real estate by any means other than inheritance12. It is used in contrast to the concept of "descent," which involves inheritance.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
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Purchase legal definition of Purchase - TheFreeDictionary.com …
WebDefinition of Purchase in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Purchase? Meaning of Purchase as a legal term. What does Purchase mean in law?
See results only from legal-dictionary.thefreedictionary.comPurchase Order
Purchase Order: A document authorizing a seller to deliver goods, with payment to …
PURCHASE Definition & Meaning - Black's Law Dictionary
WebThe 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.
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§ 1-201. General Definitions. | Uniform Commercial Code | US …
Web(29) "Purchase" means taking by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction …
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 …
- Estimated Reading Time: 3 mins
purchase Definition, Meaning & Usage | Justia Legal Dictionary
WebDefinitions of "purchase" The act of acquiring real property in ways other than through descent or inheritance. The process of getting something by giving money or …
Sales and Purchase Agreement (SPA): What It Is, …
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 used...
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 are related to the sale of goods. Sometimes, purchase agreements are known as purchase and sale agreements.
bona fide purchaser | Wex | US Law | LII / Legal Information Institute
WebA bona fide purchaser is someone who exchanges value for property without any reason to suspect irregularities in the transaction. By definition, a bona fide …
Definition of PURCHASE • Law Dictionary • TheLaw.com
WebLaw Dictionary – Alternative Legal Definition. The word, “purchase” is used in law in contradistinction to “descent,” and means any other mode of acquiring real …
Bona Fide Purchaser | Practical Law - Westlaw
WebGlossary. Bona Fide Purchaser. Also known as BFP, bona fide purchaser for value, good-faith purchaser, innocent purchaser for value, purchaser in good faith. Innocent …
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 …
Legal Dictionary | Law.com
WebLegal Dictionary | Law.com. Search Legal Terms and Definitions. option. n. a right to purchase property or require another to perform upon agreed-upon terms. An option is...
as is | Wex | US Law | LII / Legal Information Institute
Web“As is” refers to a term used in sales contracts where the buyer agrees to buy a product in its current condition, without legal recourse should the buyer discover a defect …
What is an Asset Purchase Agreement? A Comprehensive Guide
WebDefinition and Purpose. An asset purchase agreement (APA) is a contract commonly used in mergers & acquisitions. It helps define the terms of transferring an asset between …
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 …
Materiality Provisions in Purchase Agreements | The National Law
WebJul 20, 2016 · The National Law Review - National Law Forum LLC 2020 Green Bay Rd., Suite 178, Highland Park, IL 60035 Telephone (708) 357-3317 or toll free (877) 357 …
What Is Hire Purchase? - Rocket Lawyer
WebGet started. Basics of Hire Purchase. Agreeing to purchase goods in installments over a period of time is the foundation of hire purchase. It is almost identical to an installment …
What Is Hire Purchase in Commercial Law? - UpCounsel
WebFeb 1, 2023 · Hire purchase in commercial law is an agreement where the owner of any goods can permit a person, or the hirer, to hire goods from him or her for a certain …
Purchase Definition & Meaning - Merriam-Webster
WebThe meaning of PURCHASE is to obtain by paying money or its equivalent : buy. How to use purchase in a sentence.
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 …
Purchase Order Definition: 16k Samples | Law Insider
WebDefine Purchase Order. means the form or format a Customer uses to make a purchase under the Contract (e.g., a formal written purchase order, electronic purchase order, …
Hire Purchase Agreements and Conditional Sales - LawTeacher.net
WebSep 22, 2021 · Definition. Hire purchase agreements are agreements whereby an owner of goods allows a person, the hirer, to hire goods from him for a period of time by …
Option to Purchase in Real Estate Law | LawInfo
WebDec 7, 2022 · An option to purchase real estate is a contract between the property owner and optionee (buyer). Instead of buying the property right away, an option allows the …
Caveat Emptor (Buyer Beware): What It Is, and What Replaced It
WebMar 8, 2024 · In many jurisdictions, it is the contract law principle that places the onus on the buyer to perform due diligence before making a purchase. The term is …
Bona fide purchaser - Wikipedia
WebA bona fide purchaser ( BFP ) – referred to more completely as a bona fide purchaser for value without notice – is a term used predominantly in common law jurisdictions in the …
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 …
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