Law Relating to Stocks Bonds And Other Securities in the United States
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At common law the rule was, that no one could give to another a better tide to property of any kind, than he himself had, or as the maxim has it, Nemo dat quod lion habet. There was one, and perhaps only one, ex- ception to this rule, viz. , sales in market overt, but the law of market overt was never of much importance in this country.^ In England it has lost much of its force since the passage of 24 and 25 Vic. C. 96, sec. 100.
There was, therefore, at common law, no such thing as negotiabili...ty, but by the law merchant, bills of ex- chanee were nejjotiable. The law merchant is of com- paratively recent origin. It consists simply of the usages of merchants and traders, ratified by the deci- sion»i of courts of law, which upon these usages being proved to them have adopted them as settled law, ' Towne v. Collins, 14 Mass. 499; Venlrcss v. Smith, 10 Peters, 176; Robin- son V Skipworlh, 23 Ind. 311 ; Easton v. Worthington, 5 S. & R 129; Hoffman V. Carow, 22 Wendell, 285 ; Griffith v. Fowler, 18 Vt.
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You can find similar books in the "Read Also" column, or choose other free books by Francis a Francis Albert Lewis to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
At common law the rule was, that no one could give to another a better tide to property of any kind, than he himself had, or as the maxim has it, Nemo dat quod lion habet. There was one, and perhaps only one, ex- ception to this rule, viz. , sales in market overt, but the law of market overt was never of much importance in this country.^ In England it has lost much of its force since the passage of 24 and 25 Vic. C. 96, sec. 100.
There was, therefore, at common law, no such thing as negotiabili...ty, but by the law merchant, bills of ex- chanee were nejjotiable. The law merchant is of com- paratively recent origin. It consists simply of the usages of merchants and traders, ratified by the deci- sion»i of courts of law, which upon these usages being proved to them have adopted them as settled law, ' Towne v. Collins, 14 Mass. 499; Venlrcss v. Smith, 10 Peters, 176; Robin- son V Skipworlh, 23 Ind. 311 ; Easton v. Worthington, 5 S. & R 129; Hoffman V. Carow, 22 Wendell, 285 ; Griffith v. Fowler, 18 Vt.
What to read after Law Relating to Stocks Bonds And Other Securities in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Francis a Francis Albert Lewis to read onlineMoreLess
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