CAP. 48]
Factors.
CHAPTER 48.
Originally
6 of 1896.
Fraser
3 of 1896.
52 & 53 Vict. c. 45
FACTORS.
To consolidate and amend the law relating to factors.
Preliminary.
Short title.
1. This Ordinance
Interpretation.
Powers of mercantile agent with respect to disposition of goods.
Ordinance.
[1st July, 1896.]
may be cited as the Factors Ordinance.
2. (1) In this Ordinance- "document of title" includes any bill of lading, dock warrant, warehouse keeper's certificate, and warrant or order for the delivery of goods, and any other document used in the ordinary course of business as proof of the possession or control of goods, or authorizing or purporting to authorize, either by indorsement or by delivery, the possessor of the document to transfer or receive goods thereby represented;
"goods" include wares and merchandise; "mercantile agent" means a mercantile agent having, in the customary course of his business as such agent, authority either to sell goods, or to consign goods for the purpose of sale, or to buy goods, or to raise money on the security of goods;
"person" includes any body of persons corporate or unincorporate;
"pledge" includes any contract pledging, or giving a lien or security on goods, whether in consideration of an original advance, or of any further or continuing advance, or of any pecuniary liability.
(2) For the purposes of this Ordinance, a person shall be deemed to be in possession of goods or of the documents of title to goods, where the goods or documents are in his actual custody or are held by any other person subject to his control, or for him, or on his behalf.
3.
Dispositions by mercantile agents.
[1
(1) Where a mercantile agent is, with the consent of the owner, in possession of goods or of the documents of title to goods, any sale, pledge, or other disposition of the
—
374
CAP. 48]
Factors.
CHAPTER 48.
Originally
6 of 1896.
Fraser
3 of 1896.
52 & 53 Vict. c. 45
FACTORS.
To consolidate and amend the law relating to factors.
Preliminary.
Short title.
1. This Ordinance
Interpretation.
Powers of mercantile agent with respect to disposition of goods.
Ordinance.
[1st July, 1896.]
may be cited as the Factors
2. (1) In this Ordinance- "document of title" includes any bill of lading, dock warrant, warehouse keeper's certificate, and warrant or order for the delivery of goods, and any other document used in the ordinary course of business as proof of the possession or control of goods, or authorizing or purporting to authorize, either by indorsement or by delivery, the possessor of the document to transfer or receive goods thereby represented;
"goods" include wares and merchandise; "mercantile agent" means a mercantile agent having, in the customary course of his business as such agent, authority either to sell goods, or to consign goods for the purpose of sale, or to buy goods, or to raise money on the security of goods;
"person" includes any body of persons corporate or
unincorporate;
"pledge" includes any contract pledging, or giving a lien
or security on goods, whether in consideration of an original advance, or of any further or continuing advance, or of any pecuniary liability.
(2) For the purposes of this Ordinance, a person shall be deemed to be in possession of goods or of the documents of title to goods, where the goods or documents are in his actual custody or are held by any other person subject to his control, or for him, or on his behalf.
3.
Dispositions by mercantile agents.
[1
(1) Where a mercantile agent is, with the consent of the owner, in possession of goods or of the documents of title to goods, any sale, pledge, or other disposition of the
—
374
-
No comments yet.
Private notes are available after approval.