A BILL OF SALE CASE.
(Faa United Pbbss Association.) ; Oajiahc, July 23, A rather important caje to holders of bills of sale was tried before Mr District Judge Ward to-day. Some time ago a bill of sale was given by R. T. Waters over the furniture and effects in the Queen's Hotel to the Commercial Property and Finance Company for £1381, the amount being made np of £459, owing by the the previous occupier of tho hotel, and £922, amount of bill of sale held by Thomas Low. Low filed his schedule, and; the National Bank became the possessor of his bill of sale. The Commercial Property and Finance Company then purchased the bank's interest in the bill of sale for £155, and thereafter took a bill of sale from Waters for £1381. Waters a short time ago filed his schedule, and the creditors took steps to upset the bill of sale. The goods in the hotel had been variously valued, the valuations ranging from £1400 down to £500. The plea of the plaintiff was that as the amount of the bill of sale was not a true statement of the value of the goods aj 6et out in the Chattels Securities Act the bill of Bale was invalid, and on this ground Judge Ward decided it to be void.
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Bibliographic details
Otago Daily Times, Issue 8554, 24 July 1889, Page 2
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220A BILL OF SALE CASE. Otago Daily Times, Issue 8554, 24 July 1889, Page 2
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