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
Nearby Words
- bough
- bough of a tree
- boughed
- boughless
- bought
- BOUGHT AND SOLD NOTES
- bought deal
- bought note
- bought-in goods
- boughten
- boughty