Have you ever thought of why you sign an agreement of purchase
and sale when buying or selling property? Well, once upon a
time, 1066 A.D. to be more precise, William the Conqueror paid a
visit to "Merry Old England" with about 1500 Barons and their
supporting armies. Following the English defeat at the Battle of
Hastings, William declared himself King of England and claimed
ownership of all the lands. He then granted large areas of land
or estates to his Barons as a reward for their loyalty. Absolute
ownership, however, still remained with the King while the
"feudal lords" had the right to manage and tax the people who
lived on their estates. The Lord of the Manor even had the say
in who could marry whom. During the next several hundred years,
the feudal system eroded to the extent that many commoners were
favored by the Crown and allowed to possess property. Eventually
the power of the Lords was reduced and the Crown allowed title
to be inherited and transferred by the general public. Even
today the buying