Legal Definition and Related Resources of Bought and Sold Notes

Documents which are usually delivered bv brokers to their principals on the conclusion of a contract of sale and purchase, the bought note being delivered to the buyer, and the sold note to the seller. The notes should contain the names of both the contracting parties, the quantity of the article bought and sold, and the price if agreed upon. They constitute the original contract between the parties

Browse or run a search for Bought And Sold Notes in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Bought And Sold Notes in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Bought And Sold Notes in Historical Law in the Encyclopedia of Law.

For more information about Historical Law definitions, see Historical Definitions in the Encyclopedia of Law. For more information about Historical Law Books and Legal Documents, see Legal Encyclopedia of Historical Books and Documents and Legal Encyclopedia of Books and Documents of the 20th Century.

Search for legal acronyms and/or abbreviations containing Bought And Sold Notes in the Legal Abbreviations and Acronyms Dictionary.

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What does Bought And Sold Notes mean in American Law?

The definition of Bought And Sold Notes in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

Brokers” memoranda of transactions, the “bought note” going to the buyer, the “sold note” to the seller. (Warning: Sometimes in the past it was the “bought note” which went to the seller, and the “sold note” which the buyer got.)