Time of procurement
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 51 U.S. 225 - Philip Greely Junior v. William Thompson · 1850Most cited · 37 citing opinions
the time to fix the value, in a case like this, when the goods have been procured rather than purchased, is the time of procurement, and when purchased, is the time of the purchase; and in neither case should be the date of the invoice or bill of lading, if they are at a different time.