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Ch. 31. No. 4.] Mercantile Law.

 

CHAPTER 31. No. 4.

MERCANTILE LAW
AN ORDINANCE RELATING TO MERCANTILE Law.
[20th January, 1845.]

1. This Ordinance may be cited as the Mercantile Law
Ordinance.

2. No contract, agreement, or promise made or entered
into by any person by words spoken, or by any writing not
being a specialty shall be of any force or effect in law, or
shall bind any party thereto, unless such contract, agree-
ment, or promise shall be founded upon some valuable
thing or consideration sufficient, according to the principles
of the law of England, to support the same against the
party sought to be charged therewith.

3. Nothing herein contained shall extend to alter or affect
the law with respect to any contract, agreement, promise, or
obligation contained in any specialty.

4. No action shall be brought whereby to charge any
heir, executor, or administrator upon any special promise
to answer damages out of his own estate, or whereby to
charge the defendant upon any special promise to answer
for the debt, default, or miscarriage of another person, or to
charge any person upon any agreement made upon con-
sideration of marriage, or upon any agreement which is not
to be performed within the space of one year from the making
thereof, unless the agreement upon which such action
shall be brought, or some memorandum or note thereof