| Commentary

2 Bills of Sale Acts

| Commentary

2 Bills of Sale Acts

The principal Act, the Bills of Sale Act 1878, governs absolute bills and security bills except where its provisions in relation to the latter are inconsistent with the Bills of Sale Act (1878) Amendment Act 18821. The purpose of the Act of 1878 is to protect creditors who advance money to a borrower on the strength of his apparent ownership of goods but then discover that the goods have been vested secretly in a third party under a bill of sale and cannot be seized in execution to satisfy the debts of the

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