Agreement of sale
What does Agreement of sale mean in American Law?
The definition of Agreement of sale in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
A term bearing all the potential for mischief of agreement of conveyance, but generally understood to refer to a document by which a sale is actually made, with “agreement to sell” left to describe the contract pursuant to which a sale will some time in the future be made.
Concept of Agreement of Sale in the context of Real Property
A short definition of Agreement of Sale: Has two separate meanings, depending on area of the country. In some states it is synonymous with a purchase agreement (See: Purchase Agreement). In other states, it is synonymous with a land contract. See: Land Contract.
Concept of Agreement of Sale in the context of Real Property
A short definition of Agreement of Sale: Has two separate meanings, depending on area of the country. In some states it is synonymous with a purchase agreement (See: Purchase Agreement). In other states, it is synonymous with a land contract. See: Land Contract.
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