Purchase - Law Dictionary Search Results
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.
Actually delivered
mean physical delivery of the goods, or such action as puts the goods in the possession of the purchaser, it does not contemplate mere symbolical or national delivery e.g. by entrusting the goods to a common carrier,
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
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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
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.
Prompt note
A memorandum of a sale and time when payment is due given to the purchaser at a sale of goods
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.
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,
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
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