Purchase - Law Dictionary Search Results
Auction
such a transaction has been the subject of a prosecution and conviction, the sale may, as against a purchaser who has been party to the transaction, be treated by the vendor as a sale induced by fraud;
Auctioneers
An auctioneer is deemed the agent of both parties; he can bind virtue officii the seller and the purchaser of royalty by his memorandum of the sale under s. 40 of the (English) Law of Properties Act,
Benami
real, as for example, when A sells properties to B but the sale deed mentions X as the purchaser. Here the sale itself is genuine, but the real purchaser is B, X being his benamidar. This is
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Charging order
acts done to defeat, or which shall operate to defect, such charge, unless made to a bona fide purchaser for value without notice, will be absolutely void as against th charge; but no such order maybe made
Del credere
sells goods on credit for an additional commission (called a del creder commission), guarantees the solvency of the purchaser and his performance of the contract. Such a factor is called a del creder agent; as to his
Equitable mortgage
the (English) L.C. Act, 1925, they are to be deemed to remain an equitable estate as against a purchaser in good faith without notice [(English) Law of Properties Act, 1925, Sch. I, Pts. VII and VIII]. Registration
Benamidar
Benamidar, a benamidar is an ostensible owner and if a person purchases from a benamidar, the real owner cannot recover unless he shows that the purchaser had actual or constructive
Equity of redemption
such prior mortgage, afterwards acquired the legal estate. See TACKING, which, though abolished by the (English) Vendor and Purchaser Act, 1874 (37 & 38 Vict. c. 78), s. 7, was revived by the (English) Land Transfer Act,
Originating summons
estate or trust, without the administration of the whole estate or trust; for settling questions between vendors and purchasers (see VENDOR AND PURCHASER SUMMONS); for foreclosure or redemption of mortgages; for determining questions of construction of a
Executor
held in joint tenancy, and he can sell or mortgage that property for purposes of administration, and no purchaser or mortgagee dealing with him is concerned to inquire for what purpose the money is required. Even if
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