Statutes > Idaho Statutes > TITLE 28 COMMERCIAL TRANSACTIONS > CHAPTER 7 DOCUMENTS OF TITLE > PART 2. WAREHOUSE RECEIPTS -- SPECIAL PROVISIONS > 28-7-205 TITLE UNDER WAREHOUSE RECEIPT DEFEATED IN CERTAIN CASES.

28-7-205 TITLE UNDER WAREHOUSE RECEIPT DEFEATED IN CERTAIN CASES.

TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 7

DOCUMENTS OF TITLE

PART 2.

WAREHOUSE RECEIPTS -- SPECIAL PROVISIONS

28-7-205. Title under warehouse receipt defeated in certain cases. A buyer in ordinary course of business of fungible goods sold and delivered by a warehouse that is also in the business of buying and selling such goods takes the goods free of any claim under a warehouse receipt even if the receipt is negotiable and has been duly negotiated.