The Republican journal. [volume] (Belfast, Me.) 1829-current, 1917-04-05

warehouseman to hold p6 Sson o.
goods for him according In v ,s'on 0,
the receipt as fully as IL tn ne TEN,
man had contracted directly e IN s'tarsbcss
Section ~. A person to MN N.Y. hin
ceipt has been transferred hn s,hon \,
tiated, acquires thereby, as I a, nGt ~
transferor, the title of Hfsins
w Sp93ef the 70 fra sns Terms OF any
If the receipt Is non-nevo,...,
person also acquires the risSt I'M
the warehouseman of tho o." ~, % ncS5
him of such receipt, and ..1shater
quire the direct obligation ~ 10y 10y 70
houseman to hold possess 9i NE ws,.N
goods for him according t Ia !, Of
of the receipt. 'e lon
Prior to the modification 10
houseman by the transferor @e van
fierce Of non-negotisbIe ~ t taisN
title Of the transferee To tba uelps
the right to acquire the oSii sooq, ID
the warehouseman may be dsgatlor
the levy of an attachment Sr ''slet
upon the goods by a credita. sCuts
transferor. or by a Hot,Gtaf,o, p
warehouseman by the Transfers.
subsequent purchaser from - " \
feror OF subsequent sale \, 's ~ taas
by the transferor. we Eoai
Section 43. Where a nszo,...
ceipt Is transferred for vSSISnNa1is t
livery, and the indorsemerf 1Fsg ey ID
feror is essential for nas,I. y. t1ans
transferee acquires a right ssoA
tranSferor to compel him iY t77alrst
receipt, unless a contrary ptutIISe
pears. The negotiation SHAM ,.4a ~
feet as of the time when ~, aA6 n
ment Is actually made. s 'i0oHsI
Section A. a person ,vr, -,
negotiates or transfers f. reoa,g, aud
dorsement or delivery, 1HrT'', y NJ
VINO assigns Tor value a Clam e., oa
by receipt, unless CONTRARY rt 1l!a
appears, warrants: ell9l
(a) That the receipt IS senrtr,
(b) That he has a ler.d 45Gf
tiate or transfer it, lego
Co That he has know ~, H.
which would impair The s!.l-ry f.,
of the receipt, and foNl
I'D That he has a right n. Ina.
the title to the goods anI tb4s p. $50
are merchantable or iii far :, my. ~
purpose whenever such u p.a.LGla'
would have been implied. II the .o saas
of the parties had bcen n t. gaas
without receipt the goods reprs,.ss'
thereby.
Section 45. The indorseron. d,
ceipt shall not make the ,n1or.s,
iol any lfti'ui On u" lH4TI NJ Ihs ~.
houseman OF previous tulDE7.rs sas
cations.
Section As. A mortgage e,.8,,.
holder for security ut 2 recl.-, .ss'
good faith demands VT rareiya4 n, ,aO
of the debt for winch -toa -ss.',s
security, whether r4nA a r1,,Sn
draft drawn for such 5eIr o- i,.u
other person, shall nor D." sr FAT,
deemed to represent or 10 Ts-rs ,Is y
genuineness of such reccirt ~ M wv w.. v
tity or quality of the ggods n.,,
described.
Section At. The VALIDITY AZ IA MS.
tiation of a receipt is uot lmiaIr5
the tact that such ueEH mn va,
breach of duty on the par; 1t "a. ~,
son making the negot!otIug or y n
fact that the owner Of the raca5i ~.
induced by fraud, mistake mr. ,grs.
entrust the possession or c.sftdy n NJ
receipt to such person, N lae 5-,a', !.
whom the receipt was mE,t.5;at :,
person to whom the rasrll- vas ,rA,,
quently negotiated, paid value msss
for, without notice Of the hrs4G9 h 2S
or fraud, mistake or duress
Section AS. Where a person ,,v,,
sold, mortgaged, or pledged goods ~
are in a warehouse and f6r vklS
negotiable receipt has boon ,ssrsi \
having SOLD mortgagcu, "t n!adgd As
heSotlaple receipt Representing Nh
soous, continues IN pusFsssI.E Of Ia
nesotlaple receipt the sl5se7Itr isU,
tlation thereof by thar persr osiy
any sale or other disposD'0a 3. -s3l II
any person receiving tile u m
faith, for value ana Hf-l .ree n
the previous sale. GuTi=- -, .seI
shftli nave the same cl'"''
purchaser of the goao-
expressly authorized ta -ghs ID
he5oVtatioh,
aectloh ~. Where nes1's. "A
celpt mas been issued for gnY
ef lien or right If st5pu- M
stu shan defeat the rj-''s 4r n
chaser tor value IN e"w' 'b't ~
such receipt has .a rt n.A
whether such neEofiaf M - Il
suhsequent to the Ho,00o 4
WafehouSeman who lssu s-r
OF the sellers claim I" i"- II
OF stoppage in transitU sAs. II
Warehouseman be otleu .N t-Wl
p or Justlned IN Geiivc tt e sgl' n
an unpaid seller unleS 'a--F \
Hrst surrendered for r. .a|u.
seetioh 90. A W7r"' H an
officer, agent, or ScfN'r. u ss'
man VINO issues OF aids - n
celpt knowing thai t.- su.- 7iia
SUCH receipt is issurG 5a 7 'si
actually received by sl"l rs'zlal'.,,
man or are not under Us 4f'-@. Nii'9l
at the time OF lssuluS Sic' re-ain' 3'al
be guilty OF a GRIM N- ul1 ,2'ati
tlon shali he punIsh-a '.r W lal''
by imprisonment not fE7r7772 ~
years, or by a hne NO. eSeeedlns w
thousand dollars. or los alt
SECIlOn OIL. A w1rgtLHI4 -prl al n lly