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What does bargain and sale mean?

Looking for the meaning or definition of the word bargain and sale? Here's what it means.

Noun
  1. (law) A form of conveyance by which the bargainor contracts to convey the lands to the bargainee and becomes by such contract a trustee for and seized to the use of the bargainee. The statute then completes the purchase, i.e. the bargain vests the use, and the statute vests the possession.
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