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trust receipt
: a trust agreement between a lender and a borrower by which the lender gives up possession of goods without abandoning title and the borrower agrees to hold the goods in trust for the lender and if
Mercantile Law Amendment Act, 1856 (English)
a title bona fide acquired before seizure; (2) that in an action for breach of contract to deliver goods sold, a writ for the delivery of the goods may be obtained (these two ss. are repealed by
Actually delivered
or national delivery e.g. by entrusting the goods to a common carrier, or even delivery of documents of title like railway receipts, Shree Bajarang Jute Mills Ltd v. State of Andra pradesh, AIR 1966 SC 376 (379): … Actually delivered, 'actually delivered', can only mean physical delivery of the goods, or such action as puts the goods in the possession of the purchaser, it does not contemplate mere
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Lagan or ligan
Bract. 1. 3, c. 11.; 5 Rep. 106 b; also, the goods themselves; included in 'wreck' (see that title) by s. 510 of the Merchant Shipping Act, 1894. See DROITS OF ADMIRALTY; FLOTSAM AND JETSAM. … Lagan or ligan [fr. liggan, Sax.], goods tied to a buoy and sunk in the sea; also a right which the chief lord of the
pass
bill] 3 : to transfer the right to or interest in [the sale es the title to the goods] 4 : to put in circulation [ bad checks] compare utter 5 : to pronounce (as a sentence
Searches
(4) land charges under s. 10 of the (English) L.C. Act, 1925 (see those titles). The certificate is good against any charge registered between its date and comple-tion of purchase if the purchase is completed within two … deeds of arrangement; and (4) land charges under s. 10 of the (English) L.C. Act, 1925 (see those titles). The certificate is good against any charge registered between its date and comple-tion of purchase if the purchase
Not negotiable
and a 'warrant for payment of a dividend' within s. 95 of the same Act. A banker in good faith and without negligence receiving payment for a customer who has no title is entitled to the protection
Heirloom
Heirloom [fr. h'res, Lat., heir, and geloma, Sax., goods], personal chattels, such as charters, deeds, and evidences of title, coat armor set up in a church, or
prescription
10 years for immovables or 3 years for movables) the Code also requires that the possessor possess in good faith and under just title. Acquisitive prescription does not run in favor of a person having precarious possession,
holder
the possessor or that is payable to bearer b : a person under the U.C.C. in possession of goods named in a document of title if the goods are deliverable to bearer or to the order of
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