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 «»ach, 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 … [Read more...]

In the French law. An aggregation, sanctioned by government, of merchants, captains of vessels, exchange agents, and courtiers, the two latter being nominated by the government, in each city which has a bourse. Brown. … [Read more...]

An offshoot lateral extension, or subdivision. A branch of a family stock is a group of persons, related among themselves by descent from a common ancestor, and related to the main stock by the fact that that common ancestor descends from the original founder or progenitor. Branch of the sea. This term, as used at common law, included rivers in which the tide! ebbed and flowed. … [Read more...]

contracts. An instrument in writing, given by a broker to the seller of merchandise, in which it is stated that the goods therein mentioned have been sold for him. There appears, however, some confusion in the books, on the subject of these notes sometimes they are called sold notes. 2 B. & Ald. 144 Blackb. on Sales, 89. 2. This note is signed in the broker's name, as agent … [Read more...]

In French marine law. A compass; the mariner's compass. … [Read more...]