Online Encyclopedia

SALE OF GOODS

Online Encyclopedia
Originally appearing in Volume V24, Page 63 of the 1911 Encyclopedia Britannica.
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SALE OF GOODS  . Sale (O.Eng. sala, sellan, syllan, to hand over, deliver) is commonly defined as the transfer of
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property from one person to another for a price . This definition requires some consideration in order to appreciate its full scope., The law of sale is usually treated as a branch of the law of contract, because sale is effected by contract . Thus Pothier entitles his classical
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treatise on the subject, Traite du contrat de vente,. and the
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Indian Contract Act (ix. of 1872) devotes a chapter to the sale of goods . 'But a completed contract of sale is something more . It is a contract plus a transfer of property . An agreement to sell or buy a thing, or, as lawyers call it, an executory contract of sale, is a contract pure and
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simple . A purely
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personal bond arises thereby between seller and buyer . But a
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complete or executed contract of sale effects a transfer of ownership with all the advantages and risks incident thereto . By an agreement to sell a
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jus in personam is created; by a sale a jus in rem is transferred . The essence of sale is the transfer of property for a price . If there be no agreement for a price, express or implied, the transaction is gift, not sale, and is regulated by its own
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peculiar rules and considerations .

So, too, if commodity be exchanged for commodity, the transaction is called

barter and not sale, and the rules
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relating to sales do not apply in their entirety . Again, a contract of sale must comtemplate an absolute. transfer of the property in the thing sold or agreed to be sold . A
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mortgage may be in the form of a conditional sale, but
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English law regards the he release
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witchcraft .
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Salem was an important
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port after 1670, especially in the India trade, and Salem privateers did
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great damage in the Seven Years' War, in the War of Independence (when 158 Salem privateers took 445 prizes), and in the War of 1812 . On this
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foreign trade and these rich periods of privateering the prosperity of the place up to the
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middle of the 19th century was built . The First Provincial Assembly of Massachusetts met in Salem in 1774 . On the loth of
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February 1775 at the North
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Bridge (between the
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present Salem and
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Danvers) the first armed resistance was offered to the royal troops, when Colonel Leslie with the 64th regiment, sent to find cannon hidden in the Salem " North Fields," was held in check by the townspeople . Salem was the birthplace of Nathaniel Hawthorne, W . H . Prescott, Nathaniel Bowditch, Jones Very and W . W . Story .

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Marblehead was separated from Salem township in 1b49,
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Beverly in 1668, a
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part of Middleton in ;1728, and the
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district of Danvers in 1752 . Salem was chartered as a city in 1836 . See Charles S . Osgood and Henry M . Batchelder,
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Historical Sketch of Salem, 1626—1879 (Salem, 1879) ; Joseph B . Felt, Annals of Salem (ibid., 1827; 2nd ed., 2 vols., 1845—1849) ; Charles W . Upham, Salem Witchcraft (2 vols., Boston, 1867) ; H . B . Adams,
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Village Communities of Cape
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Ann and Salem (Baltimore, 1883) ; Eleanor Putnam (the pen-name of Mrs Arlo Bates), Old Salem (Boston, 1886) ; C . H . Webber and W . S .

Nevins, Old Naumkeag (Salem, 1877) ; R . D .

Paine,
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Ships and Sailors of Old Salem (New York, 1909), and Visitor's Guide to Salem (Salem, 1902) published by the Essex Institute .

End of Article: SALE OF GOODS
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