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Purchase-money

Law Punitive damagesPurveyance

"An exception to the rule is a unilateral admission, such as an ordinary receipt, or the mere acknowledgment of the receipt of purchase-money in a conveyance, which ordinarily is not conclusive upon the parties as to the consideration stated; ...

 


A purchase-money mortgage is one given by a purchaser to a seller of real property as partial payment.

By the civil law, he who has sold goods for cash or on credit may demand them back from the purchaser, if the purchase-money is not paid according to contract. The action of revendication is used for this purpose.

See also: Admissible, Valid, Acknowledgment, Action, Time

Law Punitive damagesPurveyance

 
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