PUBLIC GENERAL LAW.

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or other document, showing possession, to be deemed the real

owner of such goods, Sec. so far as to give validity to any contract

for the sale thereof, &c.— 1826, ch. 182) sec. 2, . . .

852

Persons authorized to contract with such agents or factors for the pur-

chase of goods, &c. so in their possession, and such contract shall

be binding against the owner of .such goods, &c. notwithstanding

the purchaser may have notice that the person contracting is an

agent or factor and not the real owner — 1825, ch. 182, sec. 3,

852

Persons accepting of any such goods, &c. or any document evidencing

the possession of such goods, &c. in pledge or deposite as a security

for any debt, &c. existing before the time of such pledge, &c. to

acquire no further right to such goods, &c. than was possessed

by the person pledging the same — 1826, ch. 182, sec. 4, .

853

Declared lawful for any person to receive such goods, &c. in deposite

as a security for any debt, &c. existing before such deposite, not-

withstanding he may have notice of the person depositing the same,

being an agent or factor of another, but such person so receiving

such pledge or deposite, to acquire no further title, than was pos-

sessed by the person pledging the same, provided, the person so re-

ceiving such pledge shall not have notice, at the time of so accept-

ing such security, that the agent or factor had not authority from

the principal to pledge or deposite the same — 1825, ch. 182, sec. 5,

853

This act not to be so construed as to prevent the owner of the goods,

&c. from demanding and receiving them from his agent before they

are sold or pledged, or from the factor or agent in the event of the

agent becoming insolvent , in preference to the rest of the agent's

creditors — 1825, ch. 182, sec. 6, .

854

Nor to prevent the owner from recovering from the purchaser the

amount agreed to be paid for such goods, subject to the right of set-

off by the purchaser against the agent, as provided for in the seventh

section of this act — 1825, ch. 182, sec. 6,

854

Nor to prevent the owner from recovering from the person to whom

they are pledged, on repayment of the money or restoration of the

note, &c. advanced and such further sum, or other note, (if any) as

was advanced by the agent to the owner, or on payment of a sum

of money equal to the same — 1825, ch. 182, sec. 6, . .

854

Nor to prevent the owner from receiving from the purchaser the ba-

lance remaining in his- hands, on the sale of the goods, after deduct-

ing the amount advanced by the purchaser to the agent — 1825, ch.

182, sec. 6, ..........

854

Provided, where the agent becomes insolvent, the owner of the goods so

pledged and redeemed, shall be held to have discharged pro tanto, the

debt clue by him to the estate of such agent, &c. — 1825, ch. 182, sec. 6,

854

And provided, the owner shall not be deprived of any remedy at law or

equity, which he might heretofore have had against his agent in

matters or debt on contract between them, subject to the right of

the agent to be allowed the benefit of payments of any debt or

damages recovered and paid from and in such contracts by any

other person — 1825, ch. 182, sec. 6, ......

854