National Bank v Dalgety & Co - [1925] NZLR 250

Instrument by way of Security — Security over Stock — Implied Covenant not to remove Stock without Grantee's Consent in Writing so as to reduce Number below that stated — Sale by Grantor without Consent — Whether Sale in the Ordinary Course of Business — Words — Meaning of "or thereabouts" in Stock Security — Chattels Transfer Act, 1908, s 45.