After Acquired Property

After-acquired property is real property or personal property to which party A obtains title only after they falsely sold it to party B for value when party A did so without proper title. An example would be Colonel Sanders pretends to sell "My Old Kentucky Home" to Daniel Boone for $1000 (US) but does not own the property at the time and then uses the money to actually buy that same property from the true owner. The apparent outcome would be Col. Sanders owns the property and Boone has lost $1000.
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