554.7205  Title under warehouse receipt defeated in certain cases.

A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouse operator who is also in the business of buying and selling such goods takes free of any claim under a warehouse receipt even though it has been duly negotiated.

Section History: Early form

  [C66, 71, 73, 75, 77, 79, 81, § 554.7205]

Internal References

  Referred to in § 554.7502


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