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administration order

Overview page. Subjects: Law — Financial Institutions and Services.

1 An order made in a county court for the administration of the estate of a judgment debtor (see judgment creditor). The order normally requires the debtor to pay the debts by...

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ascertained goods

Overview page. Subjects: Law.

Goods identified and effectively appropriated (set apart) after a contract of sale is made. Under the various Sale of Goods Acts property in unascertained goods does not pass until the...

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auction

Overview page. Subjects: Economics.

A method of selling in which goods, securities, rights, etc., are sold in public to the highest bidder. In an English auction the potential buyers make bids and the highest bid is accepted....

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bailiff

Overview page. Subjects: Law.

The officer in a Magistrates' Court with duties similar to those of the sheriff in higher courts, to whom a writ of execution (equivalent to writ of fieri facias in higher courts) is...

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bailment

Overview page. Subjects: Law.

N.

The transfer of the possession of goods by the owner (the bailor) to another (the bailee) for a particular purpose. Examples of bailments are the hiring of goods, the loan of...

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bill of lading

Overview page. Subjects: Law — Financial Institutions and Services.

(BL; B/L).

A document of title over goods in transit and widely used in international trade. It provides evidence of the receipt of the goods by the shipper; is the ...

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bill of sale

Overview page. Subjects: Accounting.

1. A document by which a person transfers the ownership of goods to another. Commonly the goods are transferred conditionally, as security for a debt, and a conditional bill of...

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books of account

Overview page. Subjects: Law.

Records that disclose and explain a company's financial position at any time and enable its directors to prepare its accounts. The books (which registered companies are required to keep by...

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buyer

Overview page. Subjects: Law — Business and Management.

N.

The party to a contract for the sale of goods who agrees to acquire ownership of the goods and to pay the price. See also purchaser.

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carriage of goods

Overview page. Subjects: Law.

This includes the transport or haulage of goods (Road Traffic Act 1988, s 192).

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