Factors (Scotland) Act 1890
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Change 1
1 Application of 52 & 53 Vict. c. 45. to Scotland.
Subject to the following provisions, the Factors Act, 1889, shall apply to Scotland:— (1) The expression “lien” shall mean and include right of retention; the expression “vendor’s lien” shall mean and include any right of retention competent to the original owner or vendor; and the expression “set off” shall mean and include compensation. (2) In the application of section five of the recited Act, a sale, pledge, or other disposition of goods shall not be valid unless made for valuable consideration.
1 Application of 52 & 53 Vict. c. 45. to Scotland.
Subject to the following provisions, the Factors Act, 1889, shall apply to Scotland:— (1) The expression “lien” shall mean and include right of retention; the expression “vendor’s lien” shall mean and include any right of retention competent to the original owner or vendor; and the expression “set off” shall mean and include compensation. (2) In the application of section five of the recited Act, a sale, pledge, or other disposition of goods shall not be valid unless made for valuable consideration.
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