Read more
Excerpt from The Law Reports, Vol. 40: Under the Superintendence and Centrel of the Incorporated Council of Law Reporting for England and Wales; Indian Appeals; Being Cases in the Privy Council on Appeal From the East Indies; 1912-1913
The High Court in appeal decreed in the respondent's favour against the bank for the full amount claimed.
Basil Scott c.j. Held that the pledge with the bank by defeu dant 2 was invalid under the second proviso to s. 178 of the Contract Act, inasmuch as he found that the 399 bales had been obtained by defendant 2 from the plaintiff (whom he held to have been their lawful owner) by means of an offence or fraud, he having obtained them on the pretence of holding them as a muqaddam but with the intention of pledging them with the bank.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
