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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. …
- 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 …
- Estimated Reading Time: 3 mins
§ 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 creating …
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 in...
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 …
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 …
What is an Asset Purchase Agreement? A …
WEBAn asset purchase agreement (APA) is a contract commonly used in mergers & acquisitions. It helps define the terms of transferring an asset between parties. The APA outlines essential details of a deal, such as …
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 …
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 …
Materiality Provisions in Purchase Agreements | The National Law
WEBJul 20, 2016 · For instance, if the materiality threshold was $3,000, then the $5,000 violation claim would certainly be able to be brought by the Buyer. The Buyer can respond to the …
What Does Procure Mean In Law And Why Is It Important?
WEBProcure means to procure or get something. In law, procure means to obtain a legal order, or to secure the performance of an obligation. Procurement is important …
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.
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 …
Hire Purchase Agreements: Definition, How They Work, Pros and …
WEBApr 8, 2024 · Fact checked by. Vikki Velasquez. What Is a Hire Purchase Agreement? The term hire purchase refers to an arrangement for buying expensive goods. In a hire …
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 Order Definition: 16k Samples | Law Insider
WEBPurchase Order means an order of supply of material including the acceptance of the tender. Sample 1 Sample 2 Sample 3. Based on 365 documents. Purchase Order …
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 …
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 …
Good Faith - Definition, Examples, Cases, Processes - Legal …
WEBMar 30, 2017 · When someone is acting in “good faith,” it means that he is acting with honest intent, and is expected to be honest and to keep his promises without taking …
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 …
Minnesota Senate Approves Bill to Expand Straw Purchase Law, …
WEB51 minutes ago · Minnesota Senate passes a bill targeting straw purchases of firearms, expanding the definition and increasing penalties for illegal transfers.
S’pore actress Jin Yinji & Korean daughter-in-law get along so …
WEB16 hours ago · Jin and Han — both Korean — founded their business, Gold Kimchi, together during quarantine. Even for regular mother-daughter in-law pairs, there's bound to be …
Biden administration pauses one ammunition shipment to Israel …
WEB5 days ago · The Biden administration paused a shipment of US-made ammunition to Israel, according to a source familiar, who did not disclose why the decision was made. The …
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