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The Maryland Code Public General Laws, 1904
Volume 393, Page 206   View pdf image (33K)
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206 AGENTS AND FACTORS. [ART. 2

1888, art 2, sec. 6. 1860, art. 3, sec. 6. 1825, ch. 182, sec. 5.

6. Any person or body corporate may take any goods, wares
or merchandise, or any such document as aforesaid, in deposit
or pledge as a security for a pre-existing debt or demand from
such agent or factor, knowing him to be such, but with such
notice such person or body corporate shall only acquire the
right or interest therein which was possessed by such agent or
factor at the time of the deposit or pledge; but if such person
or body corporate shall have notice that such agent or factor
had no authority from his principal to pledge or deposit the
same or to part with the possession thereof, in such case such
person or body corporate shall acquire no right or interest
therein.

Ibid sec 7. 1860, art. 3, sec 7. 1825, ch 182, sec 7.

7. In all cases where an agent or factor shall have made a
contract for the sale of goods, wares or merchandise, or shall
have delivered the same in pursuance of any such contract to
any person or body corporate, and shall, before the payment of
the purchase money for the same, have become insolvent, the
principal or owner of the said goods may demand and receive
the said purchase money from the person or body corporate
indebted therefor, and such person or body corporate shall have
no benefit of set-off in any action which may be brought for
the recovery of the same, unless such claim or set-off shall have
arisen in a course of dealing with the said agent or factor act-
ing as such for the same principal or owner, or from previous
advances of money or materials found, or work or labor done
for the use or advantage of the said principal or owner.
Miller v. Lea, 35 Md. 408.

Ibid. sec. 8. 1860, art. 3, sec. 8. 1825, ch. 182, sec. 8.

8. In no case shall any claim or demand of set-off of a debt
due by any agent or factor be allowed against his principal in
favor of any person or body corporate receiving goods, wares or
merchandise as aforesaid, in pursuance of a contract of sale or
in deposit or pledge, unless such person or body corporate
shall have contracted for or received the same on deposit or
pledge, without knowledge that such agent or factor had no
authority to sell or deposit the lame.

Ibid. sec. 9. 1860, art 3, sec. 9 1825, ch. 182, sec 6.

9. The owner of any such goods, wares or merchandise in
the hands of an agent or factor, unsold and not pledged, may


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 206   View pdf image (33K)
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