FREE BOOKS

Author's List




PREV.   NEXT  
|<   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178  
179   180   181   182   183   184   185   186   187   188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   >>   >|  
seller delivers the goods absolutely, and without fraudulent contrivance on the part of the buyer, the buyer will hold possession of them. Sec.9. But when goods are sold on credit, and nothing is said as to the time of delivery, the buyer is immediately entitled to the possession. If, however, it is ascertained, before the buyer obtains possession of the goods, that he is insolvent, or so embarrassed as to disable him from meeting the demands of his creditors, the seller may stop the goods as a security for the price. But if they are stopped without good cause, or through misinformation, the buyer is entitled to the goods, and to damages which he may have sustained in consequence of their stoppage. Sec.10. In the sale of a chattel, if the seller has possession of the article, and sells it as his own, he is understood to _warrant the title_. A fair price implies a warranty of title; and the purchaser may have satisfaction from the seller, if he sells goods as his own, and the title proves deficient. But if the possession is at the time in another, and there is no covenant or warranty of title, the party buys at his peril. It is thought, however, if the seller affirms that the property is his own, he warrants the title, though it is not in his possession. Sec.11. With regard to the _quality_ of the thing, the seller is not bound to make good any deficiency, except under special circumstances, unless be expressly warranted the goods to be sound and good, or unless he made a fraudulent representation or concealment concerning them. The rule is, if there is no express warranty by the seller, nor fraud on his part, and if the article is equally open to the inspection of both parties, the buyer who examines the article for himself, must abide by all losses arising from latent defects equally unknown to both parties. Sec.12. But this rule does not reasonably apply to cases in which the purchaser has ordered goods of a certain character, or in which goods of a certain described quality are offered for sale, and, when delivered, they do not answer the description. There being no opportunity of examining them, there is an _implied_ warranty of the quality. An intentional concealment or suppression of a material fact, when both parties have not equal access to means of information, is unfair dealing, and renders the contract void. Sec.13. As a general rule, each party is bound to communicate to the other his knowledge of
PREV.   NEXT  
|<   154   155   156   157   158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178  
179   180   181   182   183   184   185   186   187   188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   >>   >|  



Top keywords:

seller

 
possession
 

warranty

 
quality
 

parties

 

article

 

purchaser

 

concealment

 

equally

 

fraudulent


entitled

 

examines

 
delivers
 

contract

 

defects

 

latent

 
arising
 

losses

 
absolutely
 

communicate


representation
 

knowledge

 

express

 

renders

 

general

 

inspection

 

description

 

answer

 

delivered

 

opportunity


intentional

 

material

 

implied

 
examining
 
offered
 

access

 

unfair

 
dealing
 

suppression

 

character


ordered

 

information

 

unknown

 

misinformation

 

stopped

 
credit
 

damages

 
sustained
 

chattel

 

stoppage