BOUGHT AND SOLD NOTES
\bˈɔːt and sˈə͡ʊld nˈɒts], \bˈɔːt and sˈəʊld nˈɒts], \b_ˈɔː_t a_n_d s_ˈəʊ_l_d n_ˈɒ_t_s]\
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When a broker is employed to buy and sell goods, he is accustomed to give to the buyer a note of the sale, commonly called a "sold note," and to the seller a like note, commonly called a "bought note," in his own name, as agent of each, and thereby they are respectively bound, if he has not exceeded his authority. Saladin v. Mitchell, 45 111. 83; Keim v. Lindley (N. J. Ch.) 30 Atl. 1070.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).
Nearby Words
- bough
- bough of a tree
- boughed
- boughless
- bought
- BOUGHT AND SOLD NOTES
- bought deal
- bought note
- bought-in goods
- boughten
- boughty