Acts and Regulations

2016, c.110 - Sale of Goods Act

Full text
Bill of exchange sent with bill of lading
26If the seller of goods draws on the buyer for the price, and transmits the bill of exchange and bill of lading to the buyer together to secure acceptance or payment of the bill of exchange, the buyer is bound to return the bill of lading if the buyer does not honour the bill of exchange, and if the buyer wrongfully retains the bill of lading, the property in the goods does not pass to the buyer.
R.S.1973, c.S-1, ss.20(3)