sale in gross
Học thuậtThân thiện
Definition
Noun: - A sale of a tract of land as a whole without a warranty as to the acreage: This is a legal and commercial term referring to a real estate transaction where a parcel of land is sold in its entirety, based on its defined boundaries, rather than by a specific, guaranteed measurement of area (acreage). The seller does not guarantee the exact number of acres.
Usage
- This term is used almost exclusively in legal, real estate, and property contexts to describe a specific type of land sale contract.
- It clarifies that the buyer is purchasing the entire described parcel "in gross" (as a whole lot), accepting it with whatever its actual area turns out to be, rather than paying a price per measured acre.
Examples
Advanced Usage
- The principle is often summarized by the Latin phrase "totum pro parte" (the whole for a part) or the legal maxim "de minimis non curat lex" (the law does not concern itself with trifles) when minor acreage discrepancies are involved.
- It contrasts with a sale "by the acre" or "in acreage," where the total price depends on a warranted measurement.
Variants and Related Words
- Sale by the acre: (noun) A sale where the price is calculated based on a guaranteed number of acres.
- Tract: (noun) An area of land, often a large one.
- Acreage: (noun) An area of land measured in acres.
Synonyms
- Lump-sum land sale (conceptual synonym, though not a standard legal term)
- Entire tract sale
Antonyms
- Sale by the acre
- Acreage sale
Notes
- This is a specialized compound noun. The key components are:
- Sale: The act of selling.
- In gross: As a whole; in bulk; without specification of individual parts or measurements.
- The phrase is fixed and typically not used in other grammatical forms (e.g., not commonly used as a verb phrase like "to sale in gross").
Noun
- a sale of a tract of land as a whole without a warranty as to the acreage