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Simple English definitions for legal terms
lumping sale
Read a random definition: baby-snatching
A quick definition of lumping sale:
A lumping sale is when several different things are sold together for one price. It's like buying a bunch of toys in a bundle instead of buying them separately. It's a type of sale where you get more than one thing for a single price.A more thorough explanation:
Definition: A court-ordered sale in which several distinct pieces of property are sold together for a single sum.
Example: A court orders the sale of a farm, which includes a house, barn, and fields. The property is sold as a lumping sale, meaning the buyer must purchase all the property together for one price.
Explanation: In a lumping sale, multiple pieces of property are sold together as a package deal. This type of sale is often ordered by a court when it is more practical to sell the property as a whole rather than separately. In the example given, the court orders the sale of a farm, which includes several distinct pieces of property. The buyer must purchase all the property together for one price, rather than being able to purchase each piece of property separately.