Bought And Sold Notes
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
When a broker is employed to buy and sell goods, he is accustomed to give to the buyer a note of the sale, commoniy called a “sold note,” and to the seller a like note, commonly called a “bought note,” in his own name, as agent of each, and thereby they are respectively bound, if he has not exceeded his authority.
Story, Ag. § 28.