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Webster's New World Law Dictionary » after-acquired title
after-acquired title
after-acquired title definition - legal
n
The title acquired by a buyer, who previously purchased property while unaware
that the seller did not have complete title to it, after the seller,
unbeknownst to the buyer, later acquires complete title to the property. Title
automatically vests in the buyer upon the completion of events that would
otherwise give complete title to the seller.
Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.
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