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Terms Used In Vermont Statutes Title 9 Sec. 7-205

  • Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See
  • Warehouse: means a person engaged in the business of storing goods for hire. See

§ 7—205. 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. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)