bargain and sale

名词 n.

英文释义

名词 n.
  1. A form of conveyance by which the bargainor contracts to convey the lands to the bargainee and becomes by such contract a trustee for and seized to the use of the bargainee. The statute then completes the purchase, i.e. the bargain vests the use, and the statute vests the possession.
    — A thirteenth species of conveyance , introduced by this statute , is that of a bargain and sale of lands ; which is a kind of real contract , whereby the bargainor , for some pecuniary consideration , bargains and sells
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