This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 575.— Can a master of a schooner, not being owner or part owner, make a vessel liable for the cost of a cargo of grain? If he buys a cargo, giving in payment a draft on a third party not interested in the vessel, can the holder in the event of dishonour look to the vessel or her owners ?
Answer.—We think the master has no power to make the vessel liable for the cost of purchasing a cargo.
 
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