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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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