Sell - Law Dictionary Search Results
Nemo dat qui non habet
Nemo dat qui non habet. Jenk. Cent. 250, (He who hath not cannot give.)--(No one can give that which he has not. In other words, No one can give a better title than he has). Consult Broom's Leg. Max. In application of this maxim, it is enacted by the (English) Sale of Goods Act, 1893, s. 21 (1), that 'where goods are sold by a person who is not the owner thereof, and who does not sell them with the authority or with the consent of the owner, the buyer acquires no better title to the goods than the seller had, unless the owner of the goods is by his conduct precluded from denying the seller's authority to sell.'...
Mercantile agent
Mercantile agent. The Factors Act, 1839 (English) (52 & 53 Vict. c. 45), s. 1, defines a mercantile agent as '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.' A mercantile agent has implied authority to pledge the goods entrusted to him, Weiner v. Harris, (1910) 1 KB 285. See also Weiner v. Gill, (1906) 2 KB 574; and Kempler v. Bravingtons Ltd., (1925) 133 LT 680.It means mercantile agent having in the customary course of business as such agent authority either to sell goods, or to consign goods for the purposes of sale, or to buy goods, or to raise money on the security of goods. [Sale of Goods Act, 1930 (3 of 1930), s. 2 (9)]...
Magna Carta
Magna Carta, [Latin 'great charter'] The English charter that King John granted to the barons in 1215 and Henry III and Edward I later confirmed. It is generally regarded as one of the great common-law documents and as the foundation of constitution liberties. The other three great charters of English Liberty are the Petition of Right (3 Car. (1628)), the Habeas Corpus Act (31 Car. 2 (1679)), and the Bill of Rights (1 Will. SM. (1689)). Also spelled Magna charta, Black's Law Dictionary, 7th Edn., p. 963.This Great Charter is based substantially upon the Saxon Common Law, which flourished in this kingdom until the Normaninvasion consolidated the system of feudality, still the great characteristic of the principles of real property. The barons assembled at St.Edmund's Bury, in Suffolk, in the later part of the year 1214, and there solemnly swore upon the high alter to withdraw their allegiance from the Crown, and openly rebel, unless King John confirmed by a formal charter the ancient li...
arbitrage
arbitrage [French, literally, arbitration, decision-making] 1 : the purchase of a security, commodity, or foreign currency in one market for the purpose of immediately selling it at a higher price in another market 2 : the purchase of the stock of a takeover target esp. for the purpose of selling it to the raider for a profit ...
market
market 1 : the rate or price at which a security or commodity is currently selling : market price 2 a : a geographical area of demand for commodities or services [seeking new foreign s] b : a formal organized system enabling the transaction of business between buyers and sellers of commodities [a futures ] see also stock market c : a specified category of potential buyers [the youth ] 3 a : the course of commercial activity by which the exchange of commodities is accomplished [the is quiet] b : an opportunity for selling [developing new s] c : the available supply of or potential demand for specified goods or services [the labor ] [the for durable goods] d : the area of economic activity in which buyers and sellers come together and the forces of supply and demand affect prices [studying forces and behavior] ...
Marketing
Marketing, means buying and selling of agricultural produce and includes grading, processing, storage, transport, packaging, market information and channels of distribution, Karnataka Agricultural Produce Marketing (Regulation) Act, 1966 (27 of 1966), s. 18A.The expression 'marketing' is an expression of wide import. It involves exchange functions such as buying and selling, physical functions such as storage, transportation, processing and other commercial activities such as standardisation, financing, marketing intelligence etc. Such activities can be carried on by an Apex Society rather than a primary society, Kerala State Co-operative Marketing Federation Ltd. v. CIT, AIR 1998 SC 2303 (2306): (1998) 5 SCC 48....
partnership
partnership : an association of two or more persons or entities that conduct a business for profit as co-owners see also Uniform Partnership Act in the Important Laws section compare corporation, joint venture, sole proprietorship NOTE: Except in civil law as practiced in Louisiana, where a partnership, like a corporation, is considered a legal person, a partnership is traditionally viewed as an association of individuals rather than as an entity with a separate and independent existence. A partnership cannot exist beyond the lives of the partners. The partners are taxed as individuals and are personally liable for torts and contractual obligations. Each partner is viewed as the other's agent and, traditionally, is jointly and severally liable for the tortious acts of any one of the partners. commercial partnership : trading partnership in this entry family partnership : a partnership in which the partners are members of a family general partnership : a partnership in which ea...
resale
resale : the act or an instance of selling again ;specif : the selling of goods again by the same seller by right and after a breach by the original buyer [a purchaser who buys in good faith at a takes the goods free of any rights of the original buyer "Uniform Commercial Code"] re·sal·able [rē-sā-lə-bəl] adj ...
short-swing profit
short-swing profit : a profit made by a corporate insider who purchases stock and sells it or sells stock and purchases it within a prescribed period NOTE: Section 16(b) of the Securities Exchange Act of 1934 provides that a corporation may recover short-swing profits realized by an insider within six months. ...
Rumseller
One who sells rum one who deals in intoxicating liquors especially one who sells spirituous beverages at retail...
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