Oregon Statutes > Chapter 93 > Uniform Vendor and Purchaser Risk Act
Current as of: 2023 | Check for updates
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Other versions
§ 93.290 | Risk of loss after contract to sell realty has been executed |
§ 93.295 | Construction of ORS 93.290 to 93.300 |
§ 93.300 | Short title |
Terms Used In Oregon Statutes > Chapter 93 > Uniform Vendor and Purchaser Risk Act
- Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the board of education of a community college district. See Oregon Statutes 341.005
- community college: means a public institution operated by a community college district for the purposes of providing courses of study limited to not more than two years' full-time attendance and designed to meet the needs of a geographical area by providing educational services, including but not limited to career and technical education programs or lower division collegiate programs. See Oregon Statutes 341.005
- Community college district: includes a community college service district. See Oregon Statutes 341.005
- county court: includes board of county commissioners. See Oregon Statutes 202.010
- district: means a district formed under this chapter to operate one or more community colleges or to secure educational services available at a community college. See Oregon Statutes 341.005
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Quorum: The number of legislators that must be present to do business.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.