A Treatise of the Law Relative to the Rights of Lien And Stoppage in Transitu

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S02 to 310. Cooke, B. L. Chap. 8. Sect. 11. Montague, p. 69. 302. 341. 350, 62 THE LAW OF LIEN.
property Thus, where a cargo at sea was made a collate- ral security for the payment of a bond, the deliver) of the invoice and the bills of lading, and of seve- ral indorsed policies of insurance on the goods, was held sufficient to give the creditor a lien on the cargo, when actual possession could not be taken before the bankruptcy of the dcbtor. (z) And where a policy of insurance on goods at sea
..., and letters of advice have been delivered before an act of bankruptcy, as a security for money advanc- *63 ed to a *trader, together with an undertaking by him to endorse the bill of lading to the lender im- mediately upon its arrival. If the bill of lading be endorsed, and possession of the goods taken by the endorsee, immediately upon their arrival, though not until after the bankruptcy of the trader, the former will have a lien upon them against the assignees. («) chosesin If a policy broker, to whom a trader is indebted ) before his bankruptcy for premiums, be at the time of the trader's bankruptcy in possession of a (z) Brown v.

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