Legal Definition and Related Resources of Sale On Condition
Meaning of Sale On Condition
An executory contract where title does not vest in the buyer at the time of the transaction of sale but only on the happening of a future condition and buyer does not hold title to the property but is in a position similar to a bailee , lessee . See Phelan v Stockyards Bank, 276 P. 175, 134 Okl. 13.
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