Brokers shall make separate entries in their books of all transactions in which they have intervened, said entries to state the names and domiciles of the contracting parties, and the subject matter, terms, and conditions of the contracts.
In cases of sales, they shall state the quality, quantity, and price of the thing sold, the place and date of delivery, and the form in which the price is payable.
In cases of the negotiation of bills of exchange, they shall state the dates, places of issue and of payment, terms and due dates, names of the drawer, the endorser, the payer, the assignee, and the assignor, and the rate of exchange agreed upon.
In cases of insurance, and as regards the policy, besides the number and date thereof, they shall state the names of the underwriter and of the insured; the object of the insurance; the value thereof according to the contracting parties; the premium agreed upon, and, in the proper case, the place of loading and unloading, and a precise and exact designation of the vessel or of the means of transportation.
History —Commerce Code, 1932, § 74.