Purchase - Law Dictionary Search Results
Analysis
possessing competent medical, chemical, and miscroscopical knowledge as analysts of all Articles of food and drink. An article purchased for analysis under this Act must be divided into three parts (s. 18), each sufficiently large to afford
Appointment in exercise of a Power
339, the exercise of the power is void. The (English) Law of Property Act, 1925, s. 157, protects purchasers in good faith and making reasonable inquiry when dealing after 1925 with an appointee who is not less
Assent of personal representatives
probate or letters of administration (s. 36 (6), (bid.), and the same section provides for the protection of purchasers. Consult Wolst. And Ch. Conv. Acts, and Wms. on Executors, and see VESTING ASSENT.
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Attornment
of land, and the assent or agreement of the tenant to attorn, as 'I become tenant to the purchaser.'-Co. Litt. 309. By s. 151 of the (English) Law of Property Act, 1925, replacing 4 Anne, c. 16,
Attachment of risk
Attachment of risk, means the point when the risk of loss of purchased goods passes from the seller to the buyer, UCC 2-509.
Bargain and sale
of land being held originally to possess or be seised of the property to the use of the purchaser. In the case of goods the Common Law rule was and is that the property may be transferred
Banker's receipt
duly discharged, and in the meantime the securities are held by the seller bank on account of the purchaser, Citi Bank N.A. v. Standard Chartered Bank, (2004) 6 SCC 1 (16).
Bare trustee
property in question according to its nature, and the Law of Property Amendment Act, 1926, provided that a purchaser for money or money's worth without notice of the trust upon production of the title deeds may accept
Bear
Exchange to denote one who has sold stocks or share he does not possess in the hope of purchasing them at a lower price before the time arrives for completion of his contract by delivery of the
Action redhibitoria
useless, or its use so inconvenient and imperfect, that it must be supposed the buyer would not have purchased it had he known of the vice, Civil Law.
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