Purchase

A term including every mode of acquisition of estate known to the law, except that by which an heir l on the death of his ancestor becomes substituted in his ptyce as owner by operation of law. 2 Washb. R. Prop., 5th ed. *401; Hoyt v. Van Alstyne, 15 Barb. (N. Y.) 568; Mc Cartee v. Orphan Asylum Soc., 9 Cow. (N. Y.) 437, IS Am. Dec. 516. A title by purchase is one that is vested in a person by his own act or agreement; 2 Bia. Comm. 241. A title by devise is a title by purchase; Allen v. Bland, 134 Ind. 78, 33 N. E. 774. There are six ways of acquiring a title by purchase, namely, by deed; by devise; by execution; by prescription; by possession or occupancy; 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; Cruise, Dig. tit.

30, §§ 1-4; Hurst v. Dippo, 1 Dali. (U. S.) 20, 1 L. Ed. 19. See Grant v. Bennett, 96 111. 535.

In common parlance, purchase signifies