What is "bargain and sale"

Bargain \Bar"gain\, n. [OE. bargayn, bargany, OF. bargaigne, bargagne, prob. from a supposed LL. barcaneum, fr. barca a boat which carries merchandise to the shore; hence, to traffic to and fro, to carry on commerce in general. See Bark a vessel. ]

1. An agreement between parties concerning the sale of property; or a contract by which one party binds himself to transfer the right to some property for a consideration, and the other party binds himself to receive the property and pay the consideration.

   A contract is a bargain that is legally binding.
   --Wharton.

2. An agreement or stipulation; mutual pledge.

   And whon your honors mean to solemnize The bargain of your faith.
   --Shak.

3. A purchase; also ( when not qualified), a gainful transaction; an advantageous purchase; as, to buy a thing at a bargain.

4. The thing stipulated or purchased; also, anything bought cheap.

   She was too fond of her most filthy bargain.
   --Shak.

   Bargain and sale (Law), a species of conveyance, by which the bargainor contracts to convey the lands to the bargainee, and becomes by such contract a trustee for and seized to the use of the bargainee. The statute then completes the purchase; i. e., the bargain vests the use, and the statute vests the possession.
   --Blackstone.

   Into the bargain, over and above what is stipulated; besides.

   To sell bargains, to make saucy (usually indelicate) repartees. [Obs.]
   --Swift.

   To strike a bargain, to reach or ratify an agreement. ``A bargain was struck.''
   --Macaulay.

   Syn: Contract; stipulation; purchase; engagement.

n. (context legal English) A form of conveyance by which the bargainor contracts to convey the lands to the bargainee and becomes by such contract a trustee for and seized to the use of the bargainee. The statute then completes the purchase, i.e. the bargain vests the use, and the statute vests the possession.