Purchase
A Law Dictionary, Adapted to the Constitution and Laws of the United States · John Bouvier · 1839
A Law Dictionary, Adapted to the Constitution and Laws of the United States
in its most enlarged and technical sense signifies the lawful acquisition of real estate by any means whatever, except by descent. It is thus defined by Littleton, sec. 12, “ purchase is called the possession of lands or tenements that a man hath by his own deed or agreement, unto which possession he cometh, not by title of descent from any of his ancestors or cousins, but by his own deed.” It follows, therefore, that not only when a man acquires an estate by buying it fora good or valuable consideration, but also when it is givenor devised to him he acquires it by purchase.
2 BI. Com. 241.
There are six ways of acquiring title by purchase, namely, 1, by deed; 2, by devise; 3, by execution; 4, by prescription; 5, by possession or occupancy; 6, by. escheat. In its more limited sense, purchase is applied only to such acquisitions of lands as are obtained by way of bargain and sale for money, or some other valuable consideration. Ib. Cruise, Dig. tit.
30, s. 1 to 4; 1 Dall.R. 20.
In common parlance, purchase signifies the buying of real estate and.ot goods and chattels.