The liability of the defendants depends upon a construction of the Statute of Frauds, in relation to sales by auctioneers, in favor of the validity of whose sales it is enacted as follows: That the "auctioneer shall, at the time of sale, enter in a sale book a memorandum, specifying the nature and price of the property sold, the terms of the sale, the name of the purchaser, and the name of the person on whose account the sale is made,"c. The name of the person on whose account the sale was made was not written in the sale book until the evening of the day of sale, or during the next day. The memorandum then was not made at the time, and therefore the sale was not binding. This objection is not merely technical. The memoranda of auctioneers are the substitutes for contracts, reduced to writing, and signed by the parties. *Page 416
The auctioneer is the agent of each party at [416] the time of the sale, and not afterwards. On the part of the defendants this contract was not executed until after the sale was closed. The auctioneer then had no authority to bind the defendants, by signing their name to the contract, or entering it in the sale book, which in effect is the same thing. The case of Hicks et al. v. Whitmore (12 Wendell, 548), cited by counsel, is precisely similar to this case, and settles the question, the statute of New York being the same. The Court held in that case, that a memorandum entered in the name of the person on whose account the sale was made, but one hour after the sale, would not bind the vendor. It is therefore unnecessary to examine the other points of the appellants, believing the sale to be void for the reason above stated.
Respondent contends, that inasmuch as a day is to be considered a point of time, therefore, if the memorandum was made during the day, it was made at the time of the sale. Most of the fiction about time, and the computation of time, is not now recognized as law, and especially by this Court, as in the case of The Peopleex rel. Campbell v. Clark (ante, p. 406), we held that a day is not to be considered a unit, to the prejudice of the rights of a party, and that an examination should be had of the very pointof time, when an act was done, as the approval of an Act of the Legislature by the Executive.
The judgment is reversed. *Page 450