executory contract of sale

executory contract of sale
A contract, the terms and conditions of which must be performed before title passes. 46 Am J1st Sales § 412. A land contract under which the execution and delivery of a further instrument is necessary for the passing of title to the purchaser. 55 Am J1st V & P § 100. A contract which gives the purchaser an interest in the land involved as the subject matter of the contract. 29A Am J Rev ed Ins § 832.

Ballentine's law dictionary. . 1998.

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  • Contract — • The canonical and moralist doctrine on this subject is a development of that contained in the Roman civil law. In civil law, a contract is defined as the union of several persons in a coincident expression of will by which their legal relations …   Catholic encyclopedia

  • sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… …   Black's law dictionary

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

  • sale by sample — A sale of goods under an executory contract in which the goods are unidentified other than by express or implied representation that they correspond to an exhibited sample. Anno: 12 ALR2d 528; 46 Am J1st Sales § 214. See warranty in sale by… …   Ballentine's law dictionary

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