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Stoppage in transitu

Law StockbrokerStranding

STOPPAGE IN TRANSITU, contracts. This is the name of that act of a vendor of goods, upon a credit, who, on learning that the buyer has failed, resumes the possession of the goods, while they are in the hands of a carrier or middle-man, ...

 


The bill of lading is assignable, and the assignee is entitled to the goods, subject, however, to the shipper's right, in some cases, of stoppage in transitu.
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See also: Witness, Use, Term, Vessel, State

Law StockbrokerStranding

 
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