1307.10 Title under warehouse receipt defeated in certain cases - UCC 7-205.
1307.10 Title under warehouse receipt defeated in certain cases - UCC 7-205.
A buyer in the ordinary course of business of fungible goods sold and delivered by a warehouseman 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.
Effective Date: 07-01-1962