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Section 17: Negotiation of warehouse receipt not impaired by fraud, mistake or duress.

The Warehousing (Development and Regulation) Act, 2007Central Act · Act 37 of 2007

The validity of the negotiation of a receipt is not impaired by the fact that--

(a) the negotiation was a breach of duty on the part of the person making the negotiation; or

(b) the owner of the receipt was induced by fraud, mistake or duress to entrust the possession or custody of the receipt to that person, if the person to whom the receipt was negotiated or a person to whom the receipt was subsequently negotiated, paid value for it without knowing of the breach of duty, fraud, mistake or duress.

Where this provision sits

ActThe Warehousing (Development and Regulation) Act, 2007
Section17
Marginal noteNegotiation of warehouse receipt not impaired by fraud, mistake or duress.
JurisdictionCentral
StatusIn force as published by the source

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