Principles of Mercantile LawMetropolitan College, 1922 - 518 pages |
From inside the book
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Page 16
... , it is provided that " A contract for the sale of any goods of the value of ten pounds or upwards shall not be enforceable by action unless the buyer shall accept part of the goods so sold , and actually 16 PRINCIPLES OF MERCANTILE LAW.
... , it is provided that " A contract for the sale of any goods of the value of ten pounds or upwards shall not be enforceable by action unless the buyer shall accept part of the goods so sold , and actually 16 PRINCIPLES OF MERCANTILE LAW.
Page 19
... buyer , and this authority cannot be revoked . As a rule such authority does not extend to the auctioneer's clerk ; but , under the circumstances of a party assenting expressly or impliedly , he will be bound by the signature of the ...
... buyer , and this authority cannot be revoked . As a rule such authority does not extend to the auctioneer's clerk ; but , under the circumstances of a party assenting expressly or impliedly , he will be bound by the signature of the ...
Page 73
... buyer . Such an arrangement does not fall under Section 4 of the Statute of Frauds , and it need not necessarily , therefore , be in writing . Yet another classification is by kind , e.g. , ( 1 ) Factors . ( 2 ) Brokers . ( 3 ) ...
... buyer . Such an arrangement does not fall under Section 4 of the Statute of Frauds , and it need not necessarily , therefore , be in writing . Yet another classification is by kind , e.g. , ( 1 ) Factors . ( 2 ) Brokers . ( 3 ) ...
Page 85
... buyers of goods . For fuller information on these matters reference should be made to the Act itself . ( i ) Factors are agents employed to buy , sell or otherwise deal with goods or merchandise consigned or delivered to them by or for ...
... buyers of goods . For fuller information on these matters reference should be made to the Act itself . ( i ) Factors are agents employed to buy , sell or otherwise deal with goods or merchandise consigned or delivered to them by or for ...
Page 86
... buyer and a Sold Note to the seller . The broker is in the first instance the agent of the seller , but when he has signed his book he is the agent of both parties , and the entry therein is sufficient to satisfy Section 4 of the Sale ...
... buyer and a Sold Note to the seller . The broker is in the first instance the agent of the seller , but when he has signed his book he is the agent of both parties , and the entry therein is sufficient to satisfy Section 4 of the Sale ...
Common terms and phrases
acceptance acceptor act of bankruptcy action adjudged bankrupt agent agreement amount apply appointed arbitrator assignment authority bank banker bill of exchange Bills of Sale Board of Trade breach buyer cheque commencement composition or scheme condition consent contract of sale court creditors damages debt debtor deemed delivery discharge dissolution dividend documents drawee drawer duty effect entitled firm fraud given held indorser instrument interest judgment liable lien limited partner limited partnership ment mortgage necessary negotiable negotiable instruments official receiver otherwise owner paid party payable payment person petition possession presentment principal proceedings profits promissory note protest purpose reasonable receiving order registered registrar respect rule scheme of arrangement Scotland seller shares ship stamp statute Statute of Frauds surety thereof tion transaction transfer trustee United Kingdom unless Vict void warranty winding-up
Popular passages
Page 361 - The buyer is deemed to have accepted the goods when he intimates to the seller that he has accepted them, or when the goods have been delivered to him, and he does any act in relation to them which is inconsistent with the ownership of the seller, or when, after the lapse of a reasonable time he retains the goods without intimating to the seller that he has rejected them.
Page 11 - A contract for the sale of any goods of the value of ten pounds or upwards shall not be enforceable by action unless the buyer shall accept part of the goods so sold, and actually receive the same, or give something in earnest to bind the contract, or in part payment, or unless some note or memorandum in writing of the contract be made and signed by the party to be charged or his agent in that behalf.
Page 361 - Subject to the provisions of this Act, when the buyer of goods becomes insolvent, the unpaid seller who has parted with the possession of the goods has the right of stopping them in transitu, that is to say, he may resume possession of the goods as long as they are in course of transit, and may retain them until payment or tender of the price.
Page 326 - On or at a fixed period after the occurrence of a specified event, which is certain to happen, though the time of happening be uncertain. An instrument payable upon a contingency is not negotiable, and the happening of the event does not cure the defect.
Page 361 - Where goods are delivered to the buyer, which he has not previously examined, he is not deemed to have accepted them unless and until he has had a reasonable opportunity of examining them for the purpose of ascertaining whether they are in conformity with the contract.
Page 351 - A bill must be protested at the place where it is dishonored, except that when a bill drawn payable at the place of business or residence of some person other than the drawee, has been dishonored by non-acceptance, it must be protested for nonpayment at the place where it is expressed to be payable; and no further presentment for payment to, or demand on, the drawee is necessary.
Page 334 - Where a bill is addressed to two or more drawees who are not partners, presentment must be made to them all...
Page 192 - And it is agreed by us, the insurers, that this writing or policy of assurance shall be of as much force and effect as the surest writing or policy of assurance heretofore made in Lombard Street, or in the Royal Exchange, or elsewhere in London.
Page 26 - No action shall be brought whereby to charge any person upon any promise made after full age to pay any debt contracted during infancy, or upon any ratification made after full age of any promise or contract made during infancy, whether there shall or shall not be any new consideration for such promise or ratification after full age.
Page 325 - mean any part of the United Kingdom of Great Britain and Ireland, the islands of Man, Guernsey, Jersey, Alderney, and Sark, and the islands adjacent to any of them being part of the dominions of her Majesty. (2) Unless the contrary appear on the face of the bill the holder may treat it as an inland bill.