contracts. A buyer, a vendee. 2. It is a general rule that all persons, capable of entering into contracts, may become purchasers both of real and personal property. 3. But to this rule there are several exceptions. 1. There is a class of persons who are incapable of purchasing except sub modo; and, 2. Another class, who, in consequence of their peculiar relation with regard to … [Read more...]
PUNDIT
An interpreter of the Hindn law; a learned Brahmin. … [Read more...]
PURCHASER FOR VALUE
A party that purchases an item and gives valuable consideration to the seller in exchange for the item. … [Read more...]
PUNISHABLE
Liable to punishment whether absolutely or in the exercise of a judicial discretion. … [Read more...]
PURCHASER IN GOOD FAITH
A purchaser who buys property without knowledge of any other rightful claim to the property. … [Read more...]