AFTER-ACQUIRED-TITLE DOCTRINE

after-acquired-title doctrine.The principle that title to property automatically vests in a person who bought the property from a seller who acquired title only after purporting to sell the property to the buyer. [Cases: Vendor and Purchaser    8. C.J.S. Vendor and Purchaser § 6.] [Blacks Law 8th]

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AFTER-ACQUIRED-TITLE CLAUSE

after-acquired-title clause.Oil & gas. A provision in an oil-and-gas lease extending the lease’s coverage to include any interest in the property that the lessor may obtain after the lease is signed. • A common formulation is “This lease covers all the interest now owned by or hereafter vested in the lessor ….” [Blacks Law 8th]

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AFTER-ACQUIRED-PROPERTY CLAUSE

after-acquired-property clause.A mortgage provision that makes any later-acquired real estate subject to the mortgage. [Cases: Mortgages    131.C.J.S. Mortgages § 174.] [Blacks Law 8th]

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AFTER-ACQUIRED PROPERTY

after-acquired  property.  1.Secured  transactions.  A  debtor’s  property  that  is  acquired  after  a security  transaction  and  becomes  additional  security  for  payment  of  the  debt. UCC §  9-204.  — Also  termed  future-acquired  property.  [Cases:  Secured  Transactions    13,  116.  C.J.S.  Secured Transactions  §§  12,  85.]  2.Bankruptcy.  Property  that  the  bankruptcy  estate  acquires  after A commencement of the bankruptcy…

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AFTER-ACQUIRED-EVIDENCE DOCTRINE

after-acquired-evidence doctrine.Employment law. The rule that if an employer discharges an employee  for  an  unlawful  reason  and  later  discovers  misconduct  sufficient  to  justify  a  lawful discharge, the employee cannot win reinstatement. • The doctrine either shields the employer from liability or limits the available relief when, after an employee has been terminated, the employer learns…

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