vendor

The seller; one tfho disposes of a thing in «»nsideration of money. Generally applied only to the seller of realty.

A seller; one who disposes of a thing in consideration of money.

The person who transfers property by sale, particularly real estate, "seller" being more commonly used for one who sells personalty. He is the vendor who negotiates the sale, and becomes the recipient of the consideration, though the title comes to the vendee from another source, and not from the vendor. Rutland v. Brister, 53 Miss. 685.

— Vendor and purchaser act. The act of 37 & 38 Vict. c. 78, which substitutes forty for sixty years as the root of title, and amends in other ways the law of vendor and purchaser. Mozley & Whitley.

— Vendor's lien. A lien for purchase money remnining unpnid, allowed in equity to the vendor of land, when the statement of receipt of the price in the deed is not in accordance with the fact. Also, a lien existing in the unpaid vendor of chattels, the same remaining in his bands, to the extent of the purchase price, where the sale was for cash, or on a term of credit which has expired, or on an agreement by which the seller Is to retain possession. See Morgan v. Dalrymple, 59 N. J. Eq. 22, 46 Atl 664; Lee v. Murphy, 119 Cal. 364, 51 Pac. 549 ; Graham v. Moffett, 119 Mich. 303, 78 N. W. 132, 75 Am. St. Rep. 393; Gessner v. Palmateer. 89 Cal. 89, 26 Pac. 789, 13 L. R. A. 187; Blomstrom v. Dux, 175 111. 435, 51 N. E. 755; Tieman v. Beam, 2 Ohio, 388, 15 Am. Dec. 557; Warford v. Hankins, 150 Ind. 489, 50 N. E. 468; Slide & Spur Gold Mines v. Seymour, 153 U. S. 509, 14 Sup. Ct 842, 38 L. Ed. 802.

A seller: the person by whom a sale is made, particularly a sale of realty. Vendor's lien: an equitable lien on land sold, which the vendor has for the purchase-money: a lien which the vendor has in every case, even after an absolute conveyance which acknowledges payment, where he has not expressly or by implication waived or discharged it, and which in equity he may enforce against the \ purchaser, or against any other person not a bona fide purchaser without notice.

The party to whom a sale is made. It is, however, convenient, and the tendency of usage is, to employ "vendor" when a sale of real property is in view, and " seller " when the sale is of chattel property. The cases have established a distinction between the vendor and grantor. He is the vendor who negotiates the sale, and becomes the recipient of the consideration, though the title comes to the vendee from another source, and not from the vendor. Rutland V. Brister, 53 Miss. 683. Vendor's lien. A familiar doctrine of equity jurisprudence accords to a seller of land who parts with the title without having received payment of the price (in full) a lien upon the land for the purchase-money unpaid. The fact that the deed contains a receipt for the purchase-money does not defeat such lien. The lien is good against the purchaser himself, against his heirs, against any person claiming by a voluntary conveybuys with notice of the lien, and generally against all persons except a purchaser for value and without notice. Such a purchase overrides the lien.

contracts. A seller, (q. v-) One who disposes of a thing in consideration of money. Vide, Purchaser; Seller.