§ 7205. 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.
Cross References. Section 7205 is referred to in section 7502 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 72 - Warehouse Receipts: Special Provisions
Section 7201 - Person that may issue a warehouse receipt; storage under bond
Section 7202 - Form of warehouse receipt; effect of omission
Section 7203 - Liability for nonreceipt or misdescription
Section 7204 - Duty of care; contractual limitation of warehouse's liability
Section 7205 - Title under warehouse receipt defeated in certain cases
Section 7206 - Termination of storage at warehouse's option
Section 7207 - Goods must be kept separate; fungible goods
Section 7208 - Altered warehouse receipts