The consideration which is agreed to be paid by the purchaser of a thing in money. It is the duty of the purchaser to pay the purchase-money as agreed upon in making the contract, and, in case of conveyance of an estate before it is paid, the vendor is entitled according to the laws of, England, which have been adopted in several of the states, to a lien on the estate sold for … [Read more...]
PUNDBRECH
In old English law. Pound-breach; the offense of breaking a pound. The illegal taking of cattle out of a pound by any means whatsoever. Cowell. … [Read more...]
PURCHASER
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...]