Dexter Motors Limited v Mitcalfe - [1938] NZLR 804

Principal and Agent — Equity — Agent for Sale of Motor-car — Exchange for another Car — Agent paying own Money by way of Equality of Exchange — Equitable Charge of Principal — Chattel Security given to Third Party by Agent over Car taken in Exchange — Priority — Mercantile Agent — Whether Agent a Mercantile Agent in respect of Car taken in Exchange — Mercantile Law Act, 1908, ss 2, 3 (1), 6 — Sale of Goods Act, 1908, s 23