Alabama Code 8-1-124. Contracts for future delivery of cotton not made subject to federal statutes prima facie evidence of void contract
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 8-1-124
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Statute: A law passed by a legislature.
Proof of the fact that any contract for the future delivery of cotton was not made subject to the provisions of any federal statute relating thereto, including such amendments as may hereafter be made to such statutes by Congress, shall be prima facie evidence of an illegal contract declared void by this article.