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FACTORS ACT 1889 - SECT 1

1. For the purposes of this Act

(1)The expression "mercantile agent" shall mean a mercantile agent having in
the customary course of his business as such agent authority either to sell
goods, or to consign goods for the purpose of sale, or to buy goods, or to
raise money on the security of goods:

(2)A person shall be deemed to be in possession of goods or of the documents
of title to goods, where the goods or documents are in his actual custody or
are held by any other person subject to his control or for him or on his
behalf:

(3)The expression "goods" shall include wares and merchandise:

(4)The expression "document of title" shall include any bill of lading, dock
warrant, warehouse-keeper's certificate, and warrant or order for the delivery
of goods, and any other document used in the ordinary course of business as
proof of the possession or control of goods, or authorising or purporting to
authorise, either by endorsement or by delivery, the possessor of the document
to transfer or receive goods thereby represented:

(5)The expression "pledge" shall include any contract pledging, or giving a
lien or security on, goods, whether in consideration of an original advance or
of any further or continuing advance or of any pecuniary liability:

(6)The expression "person" shall include any body of persons corporate or
unincorporate.

Powers of mercantile agent with respect to disposition of goods.

© 1889 Crown Copyright

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