Title. Title

Smith's Financial Dictionary · 1903 · p. 521
to property does not pa from one to another unle there is a mutual agreement to that effect. If an agent has goods in his po e ion the title is still in the principal, although the agent may have advanced a larger or smaller proportion of their value. If he is not an agent but has simply advanced money on the security of the goods he has a lien upon them for his advance, but he does not own them. In the absence of an agreement an agent who has made an advance upon goods has a lien upon them to that extent. "A creditor of the owner may take the goods and sell them subject to his lien. To account. To account means to render a report or statement; to make an accounting. To arrive. Anything bought to arrive is bought with the provision that it shall arrive (and be delivered) at or within a specified time. To bearer. A check payable to bearer is payable to whoever may hold it. No indorsement on it is nece ary. Instead of making a check read “Pay bearer” it is a common practise © to make it read “Pay cash” or “Pay currency.” A promi ory note or any order for money may be made payable to bearer..
Readham'da tam maddeyi gor →