Factors Acts Amendment Act 1878 (WA)

Western Australia Factors Acts Amendment Act 1878 Western Australia Factors Acts Amendment Act 1878 Contents 1. Factors Acts defined 1 2. Amendment of the law with respect to secret revocation of entrustment or agency 1 3. With respect to vendors permitted to retain documents of title to goods 2 4. With respect to vendees permitted to have possession of documents of title to goods 2 5. With respect to transfers of documents of title 3 6. Act not to be retrospective 3 7. Short title 3 Notes Compilation table 4 Western Australia Factors Acts Amendment Act 1878 An Act to amend the Factors Acts [Assented to, 3rd July, 1878.] Whereas doubts have arisen with respect to the true meaning of certain provisions of the Factors Acts, and it is expedient to remove such doubts, and otherwise to amend the said Acts, for the better security of persons buying or making advances on goods, or documents of title to goods, in the usual and ordinary course of mercantile business; Be it enacted by His Excellency the Governor of Western Australia and its Dependencies, by and with the advice and consent of the Legislative Council thereof, as follows: —

1. Factors Acts defined IN this Act the expression "the principal Acts" means the following Acts, that is to say: — The Act of the 4th George 4th (1823), c.83. The Act of the 6th George 4th (1825), c.94. The Act of the 5th and 6th of Her Majesty (1842), c.39. And the said Acts and this Act may be cited for all purposes as "The Factors Acts 1823 to 1878."

2. Amendment of the law with respect to secret revocation of entrustment or agency WHERE any agent or person has been entrusted with and continues in the possession of any goods, or documents of titles to goods, within the meaning of the principal Acts as amended by this Act, any revocation of his entrustment or agency shall not prejudice or affect the title or rights of any other person who, without notice of such revocation, purchases such goods, or makes advances upon the faith or security of such goods or documents.