equitable conversion - a legal doctrine most commonly applied when the seller of a property dies before a transaction has been completed. The seller's estate may be forced to complete the sale on the theory that the seller's interest in the property had been converted into an interest in the buyer's consideration (usually money) at the time the contract became binding on the parties.

© 2004 Bella Vista Publishing Company, Inc.  ISBN 0-9718225-0-6

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