The Bills of Sale Acts With An Epitome of the Law As Affected By the Acts
The Bills of Sale Acts With An Epitome of the Law As Affected By the Acts
Herbert Reed
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on credit siifned a written document iindertakini'and agnM'ini; t-oun-o of , . I>u*iii''"». to holil their stock at the vender's disposal, and from time to time, when retpiired to do so, to execute to thom a valid and effectual transfer and assurance to provide for payment of all moneys then due, but no bill of sale was ever called for, nor was possession obtained, the document was held void, not huvini^ l)een registered. '' So an agreement was held not t(» be a transfer in the oidinary course ...of business, whereby the owner of a sugar plantation, in consideration of a loan, Ixirrowed from a merchant for the expenses of getting the crop and making the sugar, agreed to deliver the croj) of sugar, when made, to the merchant to sell on commission and retain his debt out of the proceeds. ''' And an hypothecation note, given on obtainin;^ an advance, whereby the grantors undertook to hold goods in trust for the lenders, and to hand over the proceeds when received, to the e. Xtent of the advance, was held a bill of .
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