Bought and sold notes — Law Dictionary

Ballentine's Law Dictionary

James A. Ballentine · 1916

Memoranda given by a broker to the respective parties on effecting a sale.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

When a broker is employed to buy and sell goods, he is accustomed to give to the buyer a note of the sale, commonly 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. Saladin v. Mitchell, 45 III. 83; Keim v. Lindley (N. J. Ch.) 30 Atl. 1070.

A Dictionary of Law

Henry Campbell Black · 1891

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.

A New Law Dictionary and Glossary

Alexander M. Burrill · 1850

Notes or memoranda of the purchase and sale of goods, made by the broker efiecting it.* When a broker is employed to buy and sell goods, he is accustomed to give to the buyer a note of the sale, commonly called a sold note; and to the seller a Mke 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 on Agency ^ §28.