The Law Dictionary

Law Dictionary

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GOODS SOLD AND DELIVERED

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This phrase is frequently used in actions of assumpsit, and the sale and delivery of goods are the foundation of the action. When a plaintiff declares for goods sold and delivered, he is required to prove, first, the contract of sale; secondly, the delivery of the goods, or such disposition of them as will be equivalent to it; and, thirdly, their value. 11 . Shepl. 505. These … [Read more...] about GOODS SOLD AND DELIVERED

GOODWILL

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(A) The benefit that a company derives as a result of its good trade name. It may be recorded as an intangible asset on balance sheets of a company. (B) By this term is meant the benefit which arises from the establishment of particular trades or occupations. Mr. Justice Story describes a good will to be the advantage of benefit which is acquired by an establishment, beyond the … [Read more...] about GOODWILL