Bought And Sold - Definition - Law Dictionary Home Dictionary Definition bought-and-sold

Definition :

Bought and sold, when a person buys an article from another person, that other persons at the same time sells him that article and it is in that sense that s. 11(1) uses the words 'bought and sold, Krishna Coconut Co. v. E.G.C. and Tobacc Market Committee, AIR 1967 SC 973 (977): (1967) 1 SCR 974. [Madras Commercial Crop & Markets Act (20 of 1933), s. 11(1)]