Sealed And Delivered | Propertylogy
Home   >   Academic   >   Sealed And Delivered

Sealed And Delivered

By on October 21, 2019

Sealed and delivered is a business phrase to indicate that a seller has received consideration, and had therefore delivered.

The word sealed is commonly mentioned as for a long time, old conveyancing practices used an official seal as alternative options for consideration.

You need to know: What lenders hope you never learn about mortgages

The term has little legal impact (if any) today.

The seal is an embossed impression made by a metal die on paper. It acts as endorsement of authenticity.

Some common seals include:

  • Government agency seals
  • Corporate seals
  • Notary seals
  • etc

They all act as evidence that the person with the authority to make decisions has approved, rejected, or basically made a decision about the subject at hand.

Sometimes the initials L.S. is added which refer to a Latin word locus siglli. It translates as under seal.

In places where seals are still recognized, they may have a longer statute of limitations.


Send this to a friend