Commentary

22 Effect of registration of absolute bill on third parties

BILLS OF SALE vol 4(1)
| Commentary

22 Effect of registration of absolute bill on third parties

| Commentary

22 Effect of registration of absolute bill on third parties

Even without registration, an absolute bill of sale, which divests the grantor of his title to the goods, is effective1 against all third parties except those designated in the Bills of Sale Act 18782. The grantee of an absolute bill does not have complete protection, however, because if the grantor, remaining in possession of the goods, delivers them under a sale, pledge or other disposition to a person receiving the goods in good faith and without notice of the bill of sale, such person acquires title3

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