vendor and purchaser

vendor and purchaser
The legal relationship between the buyer and the seller of land during the interim period between the execution of the contract and the date of its consummation.

Dictionary from West's Encyclopedia of American Law. 2005.


vendor and purchaser
The legal relationship between the buyer and the seller of land during the interim period between the execution of the contract and the date of its consummation.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • vendor and purchaser — A title much used in digests, encyclopedias, and textbooks for a discussion of sales and contracts to sell real property, the title “sales” being used for the comparable discussion involving personal property …   Ballentine's law dictionary

  • purchaser — Anyone who enters the market as a buyer of a good, service, futures contract, call, or put. The CENTER ONLINE Futures Glossary * * * purchaser pur‧chas‧er [ˈpɜːtʆsə ǁ ˈpɜːrtʆsər] noun [countable] formal COMMERCE the person who buys something: • …   Financial and business terms

  • vendor placing — A method of using shares to fund an acquisition by allotting shares in the purchaser to the vendors in exchange for shares in the target (or other assets) so falling within the exemption to the Companies Act 1985 pre emption rights requirements… …   Law dictionary

  • vendor — ven·dor / ven dər, ven dȯr/ also vend·er / ven dər/ n: one that sells something Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. vendor …   Law dictionary

  • Vendor lock-in — Marketing Key concepts Product marketing · Pricing …   Wikipedia

  • vendor's lien — A creature of equity, being a lien impliedly belonging to a vendor for the unpaid purchase price of land, where he has not taken any other lien or security beyond the personal obligation of the purchaser. An equitable security which arises from… …   Black's law dictionary

  • vendor — a seller of goods or of a business. Glossary of Business Terms Seller or supplier. Bloomberg Financial Dictionary * * * vendor vend‧or [ˈvendə ǁ ər] noun [countable] formal LAW COMMERCE someone who is sellin …   Financial and business terms

  • merchantable title, abstract, and deed — A phrase expressive of a vendor s obligation meaning that he must furnish an abstract of title showing in itself a marketable title of record in the vendor and execute a deed conveying a marketable title of record to the purchaser. Campbell v… …   Ballentine's law dictionary

  • bona fide purchaser — One who has purchased property for value without any notice of any defects in the title of the seller. Walters v. Calderon, 25 Cal.App.3d 863, 102 CaLRptr. 89, 97. One who pays valuable consideration, has no notice of outstanding rights of others …   Black's law dictionary

  • bona fide purchaser — One who has purchased property for value without any notice of any defects in the title of the seller. Walters v. Calderon, 25 Cal.App.3d 863, 102 CaLRptr. 89, 97. One who pays valuable consideration, has no notice of outstanding rights of others …   Black's law dictionary

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