Delaware Code Title 6 Sec. 7-205 – Title under warehouse receipt defeated in certain cases
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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.
5A Del. C. 1953, §§ ?7-205; 55 Del. Laws, c. 349; 74 Del. Laws, c. 332, § ?39;
Terms Used In Delaware Code Title 6 Sec. 7-205
- Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Delaware Code Title 6 Sec. 7-102
- Warehouse: means a person engaged in the business of storing goods for hire. See Delaware Code Title 6 Sec. 7-102