Where a blank in a negotiable warehouse receipt has been filled in without authority, a good faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves any tangible or electronic receipt enforceable against the issuer according to its original tenor.
Code 1950, § 61-16; 1964, c. 219; 2004, c. 200.
Structure Code of Virginia
Title 8.7 - Commercial Code - Warehouse Receipts, Bills of Lading and Other Documents of Title
§ 8.7-201. Who may issue a warehouse receipt; storage under government bond
§ 8.7-202. Form of warehouse receipt; essential terms; optional terms
§ 8.7-203. Liability for nonreceipt or misdescription
§ 8.7-204. Duty of care; contractual limitation of warehouseman's liability
§ 8.7-205. Title under warehouse receipt defeated in certain cases
§ 8.7-206. Termination of storage at warehouseman's option
§ 8.7-207. Goods must be kept separate; fungible goods
§ 8.7-208. Altered warehouse receipts