Sampson v. Brandon Grocery Co.

The question presented by this record is whether a sale of a stock of goods in bulk by a debtor to his creditor, in partial payment or entire extinguishment of his debt, is valid, unless the sale is made agreeably to the terms of the act approved August 17, 1903 (Acts 1903, p. 92). This act provides: “Section 1. It shall he the duty of every person who shall bargain for of purchase any stock of goods, wares or merchandise in bulk, for cash or credit, before paying or delivering to the vendor any part of the purchase-price therefor) to demand and receive from the vendor thereof, and if the…