Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-08-04

law of principal an dagent and to the
effect of fraud, misrepresentation duress
or coercion, mistake, bankruptcy, or
other 1nValidating cause. shall continue to
apply to contracts to sell and to sales OF
goods.
Section 16S4t-74. This act shall be so
Interpreted and construed, as to effectuate
| is general purpose to make uniform the
laws of those states which enact it.
Section 16S4t-75. The provisions of
this act relating to contracts to sell and
to sales do not apply, unless SO stated,
| to any transaction in the form of a con-
tract to sell or a sale which is intended
| to operate by way of mortgage, pledge,
| charge or other security.
Section 1684t-76-1. In this act, unless
the context or subject matter otherwise
requires:
Action includes cOunterclaim, set off
and suit in equity.
| Buyer" means a person who buys or
agrees to buy goods or any legal sue
cessor in interest of such person. .o.
| Defendant includes plaintiff
against whom right of set-of or coun-
terclaim is asserted.
Delivery means voluntary transfer
Of possession from one person to an
other.
| ''Divisible contract to sell or SALE
means a contract to sell or sale in
which by it's terms the rrice for por-
| ton or portions Of the goods less than
the whole is fixed or ascertainable by
| computation.
documents of title to goods in
NCluu0S any Dill OF ldOlnSy DOCK WIIdIIS
warehouse receipt or order for the de-
| livery of goods, or any other document
| used in the ordinary course of business
| IN the sale or transfer of goods, as proof
| Of the possession or control of the goods,
or authorizing or purporting to authorize
| the pOsSessOr of the document to trans
fer or receive, either by Endorsement or
| by delivery, goods represented by such
document
'Fault'' means wrongful act or de-
fault.
"F'ungible goods" means goods of which
any unit is from its nature or by mer-
camille usage treated as the equivalent
! of any other unit.
Future goods means goods to be
manufactured or acquired by the seller
after the making of the contract of sale.
Goods include all chattels personal
other than things in action and money.
The term includes emblements, Industrial
groWHing crops ana things i, Attached Hinf9 TO
agreed to be severed before sale or under
the contract of sale.
Order in sections of this act relat-
| ing to documents of title means an order
by Endorsement on the document.
Person" includes corporation or
partnership or two or more persons h2V-
ing a joint or common interest.
| "Plaintiff' includes defendant assert
| ing q right of set-off or COunterclaim.
"Property'' means the general prop
! erty in goods, and not merely special
property.
purchaser includes mortgage and
Pledge.
purchases" includes taking as a
MORTGAGE or as a PLEDGE.
Quality of goods includes their state
or condition.
Sale includes a bargain and sale as
well as a sale and delivery.
! Seller means a person who sells or
agrees to sell goods, or any legal sue
| cessor in the interest Of such person.
Specific goods" means goods identified
and agreed upon at the time a contract
| to sell or sale is made
| "Value'' is any consideration sufficient
to support a simple contract. An an
tecedent or pre-eXisting claim, whether
for money or not, constitutes ut s;+,o value ! Ie
taken either in satisfaction thereof or as
security therefor.
| 2. A thing is done 'in good faith"
within the meaning of this act when 1t is
in fact done honestly, whether it be done
negligently or not.
), A person is 'Insolyent' within the
meaning of this act who either -. has las
course of business or cannot pay his
debts as they become DUE whether he
has committed an act of bankruptcy or
not, and whether he IS insQlyent within
the meaning of the federal bankruptcy
! 4. Goods are in deliverable state
within the meaning Of this act when
would, under the contract, be bound to
take delivery Of them.
Section 1684t-77. None Of the pro-
visions of this act shall apply to any sale,
or to any contract to sell, made prior to
the taking effect of this act.
Section 1684t-78 Nothing in this act
or in any repeating clause thereof shall
the provisions Of the act to make uniform
the law of warehouse receipts, or. Of the
act to make uniform the law Of bills OF
Section 1684t-79. This act may be
cited as the uniform sales act"
Section 2. All acts and parts of acts
conflicting with any Of the provisions OF
this act are repealed in so far as they
are inconsistent herewith.
Section 8. This act shall take effect
and be in force from and after January
1, 1912.
No. 1O7, Al Published July Z. 1911.