Bargain and sale


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(Law) a species 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.

See also: Bargain

References in classic literature ?
During that term he was to be the property of his master, and as much a commodity of bargain and sale as an ox, or a joint-stool.
Poulterers' and grocers' trades became a splendid joke; a glorious pageant, with which it was next to impossible to believe that such dull principles as bargain and sale had anything to do.