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OOMMERCIAL 222

Categories: Constitutional

Definition (1910 Edition)

12. Commercial] paper means negotiable paper given in due course of business, whether the element of negotiability be given it by the lawmerchant or by statute. A note given by a merchant for money loaned ie within the meaning. In re Sykes, 5 Biss. 118, Fed. Cas. No. shel begpTated mag etre hich eh ae = agent simply exhi samples to for sale by his principal, and takes orders from purchasers for such goods, which goods are afterwards to be delivered by the principal to the purchasers, and payment for the goods is to be made by the purchasers to the principe on such delivery, such agent is generally called a “drummer” or “commercial traveler.” Kansas City v. Collins, 34 Kan. 434, 8 Pac. :
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.