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- Lawful acquisition of real estateLearn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Purchase To buy; the transfer of property from one person to another by an agreement. Under the Uniform Commercial Code (UCC), taking by sale, discount, negotiation, mortgage, pledge, lien, issue, reissue, gift, or any voluntary transaction.legal-dictionary.thefreedictionary.com/purchaseThe word “purchase” is used in law in contradistinction to “descent,” and means any other mode of acquiring real property than by the common course of in- heritance.thelawdictionary.org/purchase/PURCHASE. In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by any means whatever, except descent. It is thus defined by Littleton, section 12.legal-dictionary.thefreedictionary.com/purchasespurchase - The act of acquiring real property in ways other than through descent or inheritancedictionary.justia.com/purchase
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