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Blackacre

   Also found in: Legal, Wikipedia 0.01 sec.
Blackacre

Mythical property used as an example in nearly all explanations of legal concepts relating to real estate,such as, “If A owns an undivided 1/2 interest in Blackacre… .” If more properties are needed, use Greenacre, and then Whiteacre.



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Khan, of Blackacre Road, Dudley, admitted two charges of possessing the controlled drug with intent to supply.
He represented the firm in the combined sale of 111 Eighth Avenue, 95 Wall Street, 100 William Street and 99 Wall Street for $386 million to Blackacre Capital/Taconic Investment Partners.
Subsequently, when the FMV of Blackacre is $800 and P's adjusted basis in Blackacre is $500, P transfers Blackacre to A in satisfaction of the guaranteed payment to A.
 
 
 
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