Code of Alabama - Title 8: Commercial Law and Consumer Protection - Section 8-1-123 - Failure to deliver after deposit of margins prima facie evidence of void contract

Section 8-1-123 - Failure to deliver after deposit of margins prima facie evidence of void contract.

Proof that anything of value agreed to be sold and delivered was not actually delivered at the time of making the agreement to sell and deliver and that one of the parties to such agreement deposited or secured, or agreed to deposit or secure, what are commonly called "margins" shall constitute prima facie evidence of a contract declared void by this article.

(Code 1907, §3351; Acts 1915, No. 791, p. 913; Code 1923, §6819; Code 1940, T. 9, §33.)

Last modified: May 3, 2021