...having the "difference" for his profit. Sec. 456. When dealing in "futures" illegal— when not.— A contract for the sale of goods to be delivered at a future day, whether the sale be absolute or optional in form, is not invalid, if an actual deliveri/ of the goods...

...AHHEST (§ IA — 4) — Or PERSON UNDER ILLEGAL DETENTION OF POLICE. An arrest in criminal proceedings is not invalidated by the circumstance that at the time of the arrest the accused is already in the custody of the police under an unlawful arrest or detention. A...

...Invalid as Gaming — Intent of Parties. 1. In the absence of statutory regulation to the contrary, a contract for the sale of goods to be delivered at a future day is valid, even though the seller may not have them at the time, provided tlie parties intend and agree...

...transactions of the kind in question, seems to be well settled. As stated by Mr. Benjamin, it is that: "A contract for the sale of goods to be delivered at a future day is valid, even though the seller has not the goods, or any other means of getting them than to go into...

...thus declared: "The generally accepted doctrine in this country Is, as stated by Mr. Benjamin, that a contract for the sale of goods to be delivered at a future day is valid, even though the seller has not the goods, nor any other means of getting them than to go into...

...and affirmed by the Georgia statutes. Georgia Civil Code 1895, § 3668; Acts of Georgia (1906) p. 95. A contract for the sale of goods to be delivered at a future day, in the absence of a statute to the contrary, is valid, although the seller has not the goods ; but...

...account in connection with sales for future delivery unenforceable stated. It is only when the parties to a contract for the sale of goods to be delivered at a future time intend to discharge its obligations by the payment of the difference between the contract price...

...to be made, and not for goods for which the material is- found. Ib. Materials to be Procured.] — A contract for the sale of goods, to be delivered at a luture day, is not invalidated by the circumstance that, at the time of the contract, the vendor neither...

...means of contracts of sale or purchase for purpome of speculating upon the course of the market. 3. A contract for the sale of goods to be delivered at a future day is valid, even though the seller hae not the goods, nor any other means of getting them than to go into...

...Shantz v. Shriner, Mo., 150 8. W. 727. 103. Sale* — Executory Agreement. — An executory agreement for the sale of goods to be delivered at a future day Is valid, though the seller has not the goods In his possession, has not contracted to purchase them,...