Does market overt still exist?
Consequently, does market overt still exist in Nigeria?
In Nigeria, shops in open places have been held to come under the definition of market overt. Flowing from the foregoing, sale in market overt has tamed the offence of receiving stolen goods if the requirements for a valid sale in market overt are met.
Beside above, what is market overt sale?
Market overt is an open, legally regulated public market where buyers, with some exceptions, acquire good title to products. In other words, it is an open or public market or a place appointed by law or custom for the sale of goods and chattels at stated times in public.
[FN29] As one of the common law's ancient guiding beacons eloquently teaches, nemo dat quod non habet--one cannot give that which one does not have, i.e., no one can give a better title to a thing than one possesses.