Page 133 - DCOM103_COMMERCIAL_LAW

Commercial Law

Notes 12. Sandars, who was a corn factor, was entrusted by Smart with a certain quantity of wheat to
sell on 11 Sandars subsequently advanced the sum of £ 3,000 to Smart, which Smart failed
to repay, Smart gave orders that was not to be sold. Notwithstanding this. Sandars sold it
to secure his advance. In an action against him, Sandars piE the agency was irrevocable.
Decide

Answers: Self Assessment

1. False 2. True 3. True
4. False 5. True 6. criminal

7. trade custom 8. broker 9. Principal or donor
10. Non-judicial stamp paper

12.12 Further Readings

Books G. Vijayaragavan Iyengar (2007), Introduction to Banking, Excel Books, New Delhi,
India.
S.S Gulshan, Business Law, Third Edition, 2006, Excel Books, New Delhi.

S.S Gulshan, Mercantile Law, Third Edition, 2006, Excel Books, New Delhi.

Online links http://alialawagency.com/
http://www.labourlawagency.com/
http://www.dateyvs.com/gener03.html

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