Purchase - Law Dictionary Search Results
Fertilisers of the soil
7, c. 27), repealing and re-enacting an Act of 1893. The Act requires sellers to give invoices, enables purchasers to have the fertiliser analysed by official analysts, and penalizes sellers for giving no invoices or false invoices.
Adverse possession
and continuance of possession is legal and proper, referable to a contract, it cannot be adverse. Hence, the purchaser who got into possession of property under the executory contract of sale in a permissible character, cannot be
representation
on the faith of which a contract is entered into [the contract of sale contains a by the purchaser "U.S. Code"] ;specif : a statement of fact made by an applicant to an insurer for the purpose
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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.
obsolescence
obsolescence that results from external factors (as location) that render a property obsolete, no longer competitive, unattractive to purchasers or investors, or of decreasing usefulness [claimed that the appraisal failed to account for economic obsolescence resulting from
investment
of money usually for income or profit : capital outlay ;also : the sum invested or the property purchased 2 : the commitment of funds with a view to minimizing risk and safeguarding capital while earning a
invoice
invoice 1 : an itemized statement furnished to a purchaser by a seller and usually specifying the price of goods or services and the terms of sale :
lender
lender A term referring to an person or company that makes loans for real estate purchases. Sometimes referred to as a loan officer or lender. Source: U.S. Department of Housing and Urban Development
limited partnership rollup transaction
of new securities without an option to receive or retain securities having the same terms as those originally purchased called also partnership rollup rollup
lis pendens
control of the court over property involved in a pending suit b : a doctrine under which one purchasing an interest in property involved in a pending suit does so subject to the adjudication of the rights
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