Section 8-1-123 Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract. — United States — Alabama law | Esheria

Section 8-1-123 Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract.

If value agreed to be sold and delivered was not delivered when the sale agreement was made, and a party deposited or secured margins (or agreed to do so), that proof is prima facie evidence that the contract is void under this article.

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Jurisdiction
United States — Alabama
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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contract formation deposit margins

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