25. Sale by seller in possession of goods already sold 26. Creditors' rights against sold goods in seller's possession.. 27. Definition of negotiable document of title... 28. Negotiation of negotiable documents by delivery 29. Negotiation of negotiable documents by indorsement.. 30. Negotiable documents of title marked "Not Negotiable ".. 31. Transfer of non-negotiable documents 32. Who may negotiate a document 33. Rights of person to whom document has been negotiated... 34. Rights of person to whom documents have been transferred SECTION 41. Seller must deliver and buyer accept goods 42. Delivery and payment are concurrent conditions РАСЕ SECTION 4864. Conditional sales of personal property to be recorded.... 764 4865. Conditional sales held absolute when 4866. Conditional sales of railroad equipments to be recorded. THE SALES ACT OF CONNECTICUT AN ACT CONCERNING THE SALE OF GOODS.* Be it enacted by the Senate and House of Representatives in General Assembly convened: PART I. FORMATION OF THE CONTRACT. Section 1. Contracts to Sell and Sales; Definition.-(1.) A contract to sell goods is a contract whereby the seller agrees to transfer the property in goods to the buyer for a consideration called the price. (2.) A sale of goods is an agreement whereby the seller transfers the property in goods to the buyer for a consideration called the price. (3.) A contract to sell or a sale may be absolute or conditional. (4.) There may be a contract to sell or a sale between one part owner and another. DEFINITION.-At the very outset, the act makes a distinction between a "contract to sell" and a sale." The distinction is fundamental and should not be lost sight of. "An agreement to sell, or, as it is often called, an executory contract of sale, is a contract pure and simple; whereas a sale, or, as it is called for distinction, an executed contract of sale, is a contract plus a conveyance. By an agreement to sell a jus in personam is created, by a sale a jus in rem is transferred. Where goods have been sold, and the buyer makes default, the seller may sue * Public Acts, 1907, Ch. 212, Approved July 17, 1907. |