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A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located.
[2] [3] [4] O'Neall summarized the 1740 South Carolina law when he stated: "A slave may, by the consent of his master, acquire and hold personal property. All, thus required, is regarded in law as that of the master." [5] [3] Across the South, state supreme courts supported the position of this law. [6]
Also, those who purchase ownership interests in the owners of the property, such as shares of stock in a corporation owning the land, have not purchased an interest in the property itself and so are unprotected. Also, recording laws generally do not protect purchasers against real estate taxes because notice of them is usually not required to ...
The Reconstruction era in the state of South Carolina after the American Civil War featured involvement of both scalawags and newly freed African American slaves. Land ownership was seen as an important aspect of freedom for African-Americans in South Carolina and the South Carolina Land Commission was created during the 1868 South Carolina Constitutional Convention. [1]
Property located in North and South Carolina, sold at foreclosure, May 2, 1893, and conveyed on July 17, 1893, to C. E. Hellier, and others, who, by deeds dated Nov. 13, 1894, conveyed the property located in North Carolina to 23, and the property located in South Carolina to 24. Property located in Tennessee and Virginia was probably also ...
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