Some transactions may be carried out in either a lawful or an unlawful manner. Since the law presumes against illegality, the mere fact that a person enters into a transaction may raise an inference that he represents that all the conditions necessary for the legality of the transaction exist.
Thus a shipment of goods may constitute a representation by the shipper to the shipowner that the goods are not being shipped on an illegal voyage1. It is possible that the sending of an animal to a public market may amount to a representation that it is not suffering from an
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Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
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