Page:United States Statutes at Large Volume 47 Part 1.djvu/1246

 122 2 72d C ONGRESS. SE SS. II. CH. 128 . F EBRUA RY 27, 1933. Pr imar y rights of seller. Of buyer. Valid ity of condi- tionalstles. When void. Filing of. Conditional sale of goods for resale. Filing. Refaing. "Person" includes an individ ual, partnership, corporation, and any other association. "Pu rcha se" incl udes mortgage and pledge. "Purchaser" includes mortgagee and pledgee. "Seller" means the person who sells or leases the goods covered by the conditional sale, or any legal successor in interest of such person. SEC. 67 5. PRIMARY RIGHTS OF SELLER .-The buyer shall be liable to th e seller for the purchas e price, or for installme nts ther eof, as the same shall become due, and for breach of all promises made by hint in the c ondition al sale contract, whethe r or not the prop erty in the goods has passe d to the bu yer. SEC. 616 . .PiuiIARY RIGIITS OF RUYER.-The buyer shall have the right when not in default to retain possession of the goods, and he shall also ha ve the r ight to acquire the prop erty in t he goods on the performance of the conditions of the contract. The seller shall be liable to the buyer for the breach of all promises and warranties, expre ss or im plied, m ade in t he condi tional s ale contr act, whe ther or not the property in the goods has passed to the buyer. SEC. 677. CONDITIONAL SALES VALID EXCEPT AS OTHERWISE PRO- VWED .-Every provision in a conditional sale reserving property in the seller after possession of the goods is delivered to the buyer, sha ll be valid as t o all perso ns, e xcept as he reina fter otherwise provided. SEC. 678 . CONDITIONAL SALES VOID AS TO CERTAIN PERSONS .--Every provision in a conditional sale reserving property in the seller shall be void as to any purchaser from or creditor of the buyer, who, without notice of such provision, purchases the goods or acquires by attachment or levy a lien upon them, before the contract or a copy thereof shall be filed as hereinafter provided. This section shall not apply to conditional sales of goods for resale. Sac. 679. PLACE OF FILING .-The conditional sale contract or a copy thereof shall be filed in the office of the registrar of property of the Canal Zone. SEC. 680 . CONDITIONAL SALE OF GOODS FOR RESALE .-When go ods are delivered under a conditional sale contract and the seller expressly or impliedly consents that the buyer may resell them prior to per- formance of the condition, the same shall be valid whether filed or not except that the reservation of property shall be void against purchasers from the buyer in good faith for value and without actual knowledge of the condition of such contract. SEC. 681. FILING .-The registrar of property shall mark upon contract or copy filed with him the day and hour of filing and shall file the contract or copy in his office for public inspection. He s hall keep a separate book in which he shall enter the names of the seller and buyer, the date of the contract, the day and hour of filing, a brief description of the goods, the price named in the contract, and the d ate of c ancellat ion ther eof. Such book shall be indexed under the names of both seller and buyer. For filing and entering such contr act o r co py, or a ny assig nment of such a contract, the re gistrar shall be entitled to a fee of 50 cents. SEC. 682 . REFILINO.-The filing of conditional sale contracts pro- vided for in sections 678 and 679 shall be valid for a period of three yea rs onl y. The validity of the filing may in each case be extended for succe ssive additional periods of one year from the da te of ref iling by filing a copy of the ori ginal co ntract w ithin th irty day s next prec eding the expiration of each period, with a statement attached signed by the seller, showing that the contract is in force and the amount remaining to be paid thereon. Such copy, with