P

Latin. An agreement concerning the selling back of an object. This paction of the civil law was one which could competently be adjected to a contract of sale, and by it the seller reserved right to himself to purchase back that which he had sold within a certain time. There do not appear to be any examples, in the law of Scotland, of such an agreement being made with regard to the sale of movables ; but there are instances of such agreements in reference to the repurchase of heritage. The right of preemption reserved by a superior is an example of this ...