Search Results for: EXECUTED

down payment

The portion of a purchase price paid in cash (or its equivalent) at the time the sale agreement is executed. Cf. BINDER(2); EARNEST MONEY. [Cases: Vendor and Purchaser 69.1, 334(1). C.J.S. Vendor and Purchaser §§ 135, 137–138, 640, 642–644, 648.]

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finesur cognizance de droit come ceo que il ad de son done

fine sur cognizance de droit, come ceo que il ad de son done (fIn s[schwa]r kon-[schwa]-z[schwa]nts d[schwa] droyt, kom say-oh kweel ad d[schwa]sawni dawin). [Law French “a fine upon acknowledgment of the right, as that which he has of his gift”] Hist. The most common fine of conveyance, by which the defendant (also called the

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non est factum

non est factum (non est fak-t[schwa]m). [Latin “it is not his deed”] Hist. A denial of the execution of an instrument sued on. [Cases: Bills and Notes 475. C.J.S. Bills and Notes; Letters of Credit § 272.] “The general issue in covenant is ‘non est factum,’ which is a formal denial that the deed is

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leading of a use

leading of a use. Hist. In a deed, the specification, before the levy of a fine of land, of the person to whose use the fine will inure. • If the deed is executed after the fine, it “declares” the use. “As if A., tenant in tail, with reversion to himself in fee, would settle

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