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  • SECTION 7-204
    Duty of Care; Contractual Limitation of Warehouse's Liability
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  • PART 2
    Warehouse Receipts: Special Provisions
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  • SECTION 7-206
    Termination of Storage at Warehouse's Option
    • This entry was published on 2014-12-26
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    SECTION 7-205

    Title Under Warehouse Receipt Defeated in Certain Cases

    Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 2

    Section 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.