Page:United States Statutes at Large Volume 47 Part 1.djvu/1185

 72d C ONGRESS. SESS. II. CH. 128 . FEBRUARY 27, 1933. restitution of his ma terial in k ind, i n the same quant ity, w eight , measure, and quality, or the value thereof ; or wher e he is e ntitl e to the produ ct, the value thereof in place of the product. SEC. 258 . WRON GDO ER LIA BLE IN DAMAGES .-One who wron gfu lly employs materials belonging to another, is liable to him in damages, as well as under the foregoing provisions of this chapter. CHAPTER 21 .-TRANSFER OF PRO PERTY DEFINITION OF TRAN SFER SEC. 259 . TRANSFER, wHAT .-Transfer is an act of the parties, or of the law, by which the title to property is conveyed from one living person to another. CROS S RE FEREN CES Transfer, see sections 260 and 267. Transf er in wri ting is c alled a g rant, see section 267. SEC. 26 0. VOLUNTARY TRANSFER .-A voluntary transfer is an exe- cuted contract, subject to all rules of law concerning contracts in general ; except that a consideration is not necessary to its validity. CROSS REFERENCES Gifts, see section 281 et seq. Transfe r, see secti ons 259 and 267. WHAT MAY BE TRANSFERRED SEC. 261. WH AT MAY BE TRANSFERRED.-Property of any kind may ferredet may be trails . be transferred, except as otherwise provided by sections 26 2 and 2 63. SEC. 262. POSSIBILITY.-A mere possibility, not coupled with an interest, can not be transferred. CROSS REFERENCE Mere possibility not deemed an interest, see section 215. SEC. 263. R IGHT OF REPOSSESSION CAN BE T EA NSFERR ED .-A right of Right of repossession can be transferred repossession for breach of condition subsequent, can be transferred. MO DE OF TRAN SFE R SEE. 264 . WH EN OR AL .--A t ransfe r may be ma de wi thout writi ng, in every case in which a writing is not expressly required b y statute. CROSS REFERENCES What contracts mu st be in wri ting, see sec tions 541 an d 600. Fraudulent instruments and transfers, see sections 1659 and 1660. SEC. 265. WHEN MUST BE IN WRITING.-An interest in an existing trust can be transferred only by operation of law, or by a written instrument, subscribed by the person making the transfer, or by his agent. SEC. 266 . TRANSFER BY SALE, AND 50 FORTH .-The mode of trans- ferring other personal property by sale is regulated by chapter 34 of this code. SEC. 267. GRANT, WFIAT .--A transfer in writing is called a grant or bill of sale. The term `' grant," in this and section s 26 8 to 280, includes both these instruments . 1161 W rongdo er lia ble in da mages . TRANSFER OF PROPERTY . Transfer defined . Voluntary transfer . Poet, p. 1163 . Mere possibility . Ante, p . 1155 . Mode of transfer. Orally . Post, pp . 1197, 1204 . Post, p . 1336. In Writing. By sale, etc. Post, p 1204 . "Grant" defined.