Other Free Encyclopedias :: Law Library - American Law and Legal Information :: American Law Encyclopedia Vol 8

Purchase

To buy; the transfer of property from one person to another by an agreement. Under the UNIFORM COMMERCIAL CODE (UCC), taking by sale, discount, negotiation, mortgage, pledge, lien, issue, reissue, gift, or any voluntary transaction.

User Comments Add a comment…

Purchase Money Mortgage [next] [back] Punitive Damages - Sending A Message Or A Plaintiff's Windfall?, Further Readings