BRITISH RAILWAY TRAFFIC & ELECTRIC COMPANY, LTD., v. JONES AND ANOTHER.

(1931) 40 Ll L Rep 281

KING'S BENCH DIVISION.(DIVISIONAL COURT.)

Before Mr. Justice Swift and Mr. Justice Charles.

Charter-party-Hire-Purchase of motor boat by defendants from A-Deposit paid-Failure to complete purchase- Agreement by plaintiffs to pay balance and to charter boat to defendants on hire-purchase charter - Finding of learned County Court Judge that transaction was in the nature of a loan to defendants, with the charter-party as security, and should have been in the form provided for by, and registered under, the Bills of Sale Acts, 1878 and 1882; and that, the Bills of Sale Acts not having been complied with, the hire-purchase agreement between plaintiffs and defendants was void and could not be sued upon