SECTION 7-205. Title Under Warehouse Receipt Defeated In Certain Cases

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- Monday, October 26, 2015
- Monday, September 21, 2015

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A buyer in the 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.

                    
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