In conveyancing . The transferring of the property of a thing from one to another, upon valuable consideration , by way of sale. Shep. Touch, (by Preston,) 221. A contract or bargain by the owner of land, in consideration of money or its equivalent paid, to sell land to another person, called the “bargainee,” whereupon a use arises in favor of the latter, to whom the seisin is transferred by force of the statute of uses. 2 Washb. Real Prop. 128; Brittin v. Freeman, 17 N. J. Law, 231; Iowa v. McFarland, 110 U. S. 471, 4 Sup. Ct. 210, 28 L. Ed. 198; Love v. Miller, 53 Ind. 296, 21 Am. Rep. 192; Slifer v. Beates, 9 Serg. & R. (Pa.) 176. The expression ” bargain and sale ” is also applied to transfers of personalty , In cases where there Is first an executory agreement for the sale, (the bargain,) and then an actual and completed sale. The proper and technical words to denote a bargain and sale are “bargain and sell;” but any other words that are sufficient to raise a use upon a valuable consideration are sufficient. 2 Wood. Conv. 15; Jackson ex dem. Hudson v. Alexander, 3 Johns. 484, 3 Am. Dec. 517.
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