Bargain-and-sale Definition

noun

A written contract to convey the legal title of, and raise a use in, real property in exchange for valuable consideration recited in the agreement without requiring the parties to enter the land and perform a livery of seisin. Unless it includes a covenant of seisin and right to convey, the agreement contains no guarantees as to the seller’s title to the property. See also deed.

Webster's New World Law

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