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CONSIGNATION Definition & Legal Meaning

Definition & Citations:

In Scotch law. The payment of money into the hands of a third party, when the creditor refuses to accept of it. The person to whom the money is given is termed the “consignatory.” Bell. In French law. A deposit which a debtor makes of the thing that he owes into the hands of a third person, and under the authority of a court of justice. 1 Poth. Obi. 536; Weld v. Hadley, 1 N. H. 304.


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