Smith V Buyer - Law Dictionary Search Results
Lien
on credit, but the term of credit has expired; (c) where the buyer has become 'insolvent'--i.e., by s. 62(3) of the Act if he has … person to whom he conveys it will have a perfect title to it upon discharging the lien. Consult Smith's Merc. Law; Coote on Mortgages, 9th Edn., pp. 1375 et seq. And 1396et seq.; Atkinson on Sol. Lien. … treated. (1) As to the manner and circumstances under which a lien may be acquired. To create a valid lien it is essential that the person through whom it is acquired should himself either have the absolute
Deposit
the contract shall be completed by the purchaser, and may be forfeited if he make default, Howe v. Smith, (1884) 27 Ch D 89; Hall v. Burnall, (1911) 2 Ch 551. See Law of Property Act, 1925, … (1988) 3 SCC 553: AIR 1988 SC 1263 (1269). A deposit is paid primarily as security that the buyer will duly accept and pay for the goods, but, subject thereto, forms part of the price. Accordingly, if
- ‹ Prev
- Next ›
Try the research workspace - 7 days free