New South Wales Consolidated Acts

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FACTORS (MERCANTILE AGENTS) ACT 1923 - SECT 3

Definitions

3 Definitions

In this Act, unless the context or subject-matter otherwise requires:
"Advance" includes a payment of money and the delivery of a bill of exchange or other negotiable security.
"Document of title" includes any bill of lading, dock warrant, warehouse-keeper’s certificate, and warrant or order for the delivery of goods, and any other document used in the ordinary course of business as proof of the possession or control of goods, or authorising or purporting to authorise, either by endorsement or by delivery, the possessor of the document to transfer or receive goods thereby represented.
"Goods" includes wares and merchandise.
"Mercantile agent" means a mercantile agent having in the customary course of business as such agent authority either to sell goods, or to consign goods for the purpose of sale, or to buy goods, or to raise money on the security of goods.
"Pledge" includes any contract pledging or giving a lien or security on goods, whether in consideration of an original advance or of any further or continuing advance or of any pecuniary liability.



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