Law Library Volume 17

Law Library Volume 17

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1837 edition. Excerpt: ...it was repeatedly decided that he could not pledge the goods entrusted to him.(lc) Such was the rule of the common law, but being con-, 63 1 sidered prejudicial to credit by the greater number of mercantile men, it was altered by statute 4 G. 4. cap. 83., and afterwards by the amended Act of 6 G. 4. cap. 94., usually called The Factor's Act, and whence the law on this subject must now be collected. ' By this statute the person(l) in whose name goods are shipped is to be deemed the true owner thereof, so far as to entitle the consignee to a lien thereon, in respect of any money or negotiable security advanced by him to such person, or received by such person to his use, if he has not notice by the bill of lading or otherwise, at or before the advance or receipt that such person is not the actual and bond fide owner of the goods, and such person shall be taken for the purposes of this Act to have been entrusted with the goods for the purpose of consignment or of sale, unless the contrary be made to appear. A person(m) entrusted with, and in possession of any bill of lading, India warrant, dock warrant, warehouse keeper's certificate, wharfinger's certificate, Warrant, or order for delivery of goods, shall be deemed to be the true owner of the goods described in the said several documents, so far as to give validity to any contract or agreement made by him for the sale'or disposition(n) of the goods, or any part thereof, or the deposit or pledge thereof, or any part thereof, as a security for any money or negotiable z'nstrumem', (0) if the buyer, disponee, or pawnee, has not notice by the document, or 0therwz'se, (p) that such person is not the actual and bond fide owner of the goods. But if such...show more

Product details

  • Paperback | 290 pages
  • 189 x 246 x 15mm | 522g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236960475
  • 9781236960474