Legal Definitions - lumping sale

Definition: A court-ordered sale in which several distinct pieces of property are sold together for a single sum.

Example: A court orders the sale of a farm, which includes a house, barn, and fields. The property is sold as a lumping sale, meaning the buyer must purchase all the property together for one price.

Explanation: In a lumping sale, multiple pieces of property are sold together as a package deal. This type of sale is often ordered by a court when it is more practical to sell the property as a whole rather than separately. In the example given, the court orders the sale of a farm, which includes several distinct pieces of property. The buyer must purchase all the property together for one price, rather than being able to purchase each piece of property separately.