The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1908-08-21

who IL not the owner thereof. .and who
does not sell them under the authority
| or with the consent OF the owner, the
buyer acquires no better title 20 the goods
than the s-ller had. unless the owner OF
the goods is by his conduct precIuded
from denying the sellers authority TO sell
(2D Nothing in this act. however. shall
| effect
la.) The provisions Of amy factors acts
| recording acts. or any enactment en-
abling tho apparent owner Of goods to
J dispose oi them as IL he were the true
owner thereof.
! o. The validity Of any contract TO sell
/ or sale under any special cOmmon-law
/ or statutory power OF sale or under the
order Of a court Of competent jurisdic-
| tion.
Sec. 2i-lSale by One Having "A Voida-
/ BILE Title.l Where the seller of goods has
vodable title thereto. but his title has
not been avoided at the time OF the sale.
THE buyer acquires "A good title 10 the
| goods. provided he buys them in good
! faith, for value, and without notice OF
| the sellers defect OF title.
Sec. 25.-fSale by Seller i'm Possession Of
| Goods Already Sold.l Where a person
| having sold goods continues in posses
sion Of the goods. or OF negotiable docu-
| ments Of title To the goods. the delivery
or transfer by that person. or by an agent
! acting for him. of the goods or docu-
| ments OF title under any sale, pledge or
other disposition thereof. to any person
| receiving and paying value for the same
| In good faith and without notice of the
| previous sale, shall have the same effect
as IL the person making the delivery or
| transfer were expressly authorized by
the owner OF the goods TO make the same.
Sec 26.-tCreditors Rights Against Sold
Goods in Sellers Possession Where
person having sold goods continues in
possession OF the goods, or Of negotiable
documents Of title to the goods. and such
retention OF possession Is fraudulent in
fact or Is deemed fraudulent under any
rule OF law, n creditor or creditors Of the
seller may treat the sale as void.
Sec. &-IDefpition Of Negotiable Docu-
ment OF Title1 A document OF title in
which It is stated that the goods referred
10 therein will be delivered to the bearer,
or TO the order of any person named In
such document. Is negotiable document
OF title.
Sec. 2s.-lNegotiation of Negotiable Doc
uments by Delvery.l A negotiable docu-
| ment Of title may be negotiated by de-
livery
Ia Where by the terms OF the docu-
ment the carrier, warehouseman. or 9TH
er bailee issuing the same undertakes TO
deliver the goods to the bearer. or
(b) Where by the terms Of the docu-
ment the carrier. warehouseman, or 9TH
er bailee Issuing the same undertakes to
deliver the goods to the order of spe-
Gifted person. and such person or a SUBJ
sequent indorsee Of the document has
indorsed 1t in blank or to bearer.
Where by the terms of a negotiable
document Of title the goods are delvera-
BILE TO bearer or where a negotiable docu-
ment OF title has been indorsed In blank
or to bearer. any holder may indorse the
same to himself or to any other speci-
fed person and In such case the docu-
ment shall thereafter be negotiated only
by the Endorsement of suchAndorsee.
Sec. 29.-[Negotiation Of Negotiable Doc
uments by lndorsement.l A negotiable
document of title may he negotiated by
the Endorsement of the person to whose
order the goods are by the terms of the
document deliverable. Such Endorsement
may be in blank. to bearer, or to a speci-
fled person. II indorsed to a specified
person 1t may be again negotiated by
the Endorsement of such person in blank
to bearer, or to another specified person.
Subsequent negotiation may be made in
like manner.
Sec. 30.-[Negotiable Documents of Title
Marked Not Negotiable If a docu-
ment of title which contains an under
taking by carrier, warehouseman. or
other baiee to deliver the goods 10 the
bearer to "A specified person order, or
to tho order of a specified person, or
which contains words of like import has
placed upon II the words mot negotia-
a document may nevertheless be nego-
tiated by the holder and is a negoitab BILE
document Of title within the meaning OF
this act. But nothing in this act con-
tained shall be construed as limiting or
defining the effect upon the obligations
OF the carrier, warehouseman. or other
bailee issuing document of title of plac-
ing thereon the words mot negotiable"
'non-negotiable." or the like.
Sec. 8-tTransfer of NonNegotiable
Documents.l A document OF title which
is not i'm such form that IL can be me-
gotiated by delivery may be transferred
by the holder by delivery to a purchaser
or donee. non-negotiable document can
not be negotiated and the Endorsement of
such document gives the transferee no
additional right.
Sec. 32.-[Who May Negotiate Docu-
mentl A negotiable document of title
may be negotiated
(a) BY the owner thereof. or
CO. BY any person to whom the pos
session or custody of the document has
been entrusted by the owner IT, by the
terms Of the document. the bailee issuing
the document undertakes to deliver the
goods to the order of the person to whom
the possession or custody of the docu-
ment has been entrusted, or IL at the
time Of such entrusting the document Is
in such form that 1t may be negotiated
by delivery.
Sec. 33-[Rights of Person to Whom
Document has Been Negotiated.l A per-
son to whom a negotiable document OF
title has been duly negotiated acquires
thereby.
(a.) Such title to the goods as the per-
son negotiating the document to him had
or had ability to convey to a purchaser
In good faith for value. and also such
title to the goods as the person to whose
order the goods were To be delivered by
the terms or the document had or had
ability to convey to a purchaser in good
faith for value. and
o. The direct obligation OF the bailee
issuing the document to hold possession
OF the goods for him according 10 the
terms OF the document as fully as II such
| bailee had contracted directly with him.
Sec. A-IRights OF Person to Whom
Document has been Transferred A per
son To whom "A document Of title has been
| transferred. but not negotiated. acquires
thereby, as against the transferor the
title To the goods. s,Sbject to the terms
OF any agreement with the transferor.
ha nj Ia III ,,1,