A contract or bargain by the owner of land, in con- sideration of money or its equivalent paid, to sell land to another person, called the bargainee, whereupon a use arises in favor of the latter, to whom the seisin is trans- ferred by force of the statute of uses. 2 Washb. R. P. 128; Bisp. Eq. 419. Upon principles of equity any agreement, supported by a valuable consideration, to the effect that an estate or interest in land should be conveyed, as it might be specially enforced in the court of chancery, was held to entitle the purchaser to the use or beneficial ownership according to the terms and intent of the agreement, without any legal conveyance; and accordingly the vendor was held to be or stand seised to the use of the purchaser. Such transaction, as creating a use executed by the statute, became technically known as a bargain and sale. As a bargain and sale thus would have been effectual to convey a legal estate under the statute by mere force of the agreement without any writing or formality, it was thought expedient to add some formal conditions to the operation of the statute upon it; and it was enacted by a statute of the same session of parliament, 27 Hen. VIII. c. 16, to the effect that no es- tate of freehold shall pass by reason only of a bargain and sale, unless made by writ- ing indented, sealed, and enrolled in manner and place therein provided. This statute applied only to estates of freehold, and a use for a term of years might still be created within the statute of uses by mere bargain and sale without deed or enrolment. Leake, Land Laws 108. This is a very common form of conveyance in the United States. In consequence of the consideration paid, and the bargain made by the vendor, of which the conveyance was evidence, a use was raised at once in the bargainee. To this use the statute of uses transferred and annexed the seisin, whereby a complete estate became vested in the bargainee; 2 Washb. R. P. 128 et seq. All things, for the most part, that may be granted by any deed may be granted by bargain and sale, and an estate may be created in fee, for life, or for years; 2 Coke 54; Dy. 309. There must have been a valuable consid- eration; 5 Ired. 30; 7 Vt. 522; 13 В. Monr. 30; 9 Ala. 410; 1 Harr. & J. 527; 1 W. & S. 395; 16 Johns. 515; Cro. Car. 529; 1 Cruise, Dig. 107; Tiedem. R. P. § 776; but its adequacy is immaterial; thus a rent of one peppercorn was held suffi- cient; 2 Mod. 249. See Leake, Land Laws 109; the consideration need not be ex- pressed: 10 Johns. 639. See Washb. R. P.; 1 Sandf. Ch. 259; 19 Wend. 339; 7 Vt. 523; 68 Pa. 460; 102 Mass. 533; 1 Mo. 553; 2 Over. 261. The proper and technical words to denote a bargain and sale are bargain and sell; Mitch. R. P. 425; but any other words that are sufficient to raise a use upon a valuable consideration are sufficient; 2 Wood, Conv. 15; as, for example, make over and grant; 3 Johns. 484; release and assign, 8 Barb. 463. See 2 Washb. R. P 620; Shepp. Touchst. 222. An estate in futuro may be conveyed by deed of bargain and sale; 9 Wend. 611; 4 H. & Ν. 277; 52 Me. 141; 34 Ν. Η. 460; 102 Mass. 533; 10 Pa. 348; 20 Johns. 87; 28 S. C. 125; 83 Ga. 587; contra, 27 Pick. 376; 18 id. 397; 32 Me. 329; 2 Washb. R. P. *417; but not at common law; note to Doe v. Tranmar, 2 Sm. Lead. Cas. 473, where the cases are discussed. Consult Gilbert on Uses, Sugden's edi- tion; Washb. R. P.; Greenl, Cruise, Dig.; Tiedem. R. P.