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  • Warehouse Receipt Syllabus

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    Kiwi Soriano
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    Documents of title to goods include bills of lading and warehouse receipts. Warehouse receipts have specific legal functions - they can be negotiable or non-negotiable, transferred with warranties, and subject the warehouseman to defenses or liens as indicated on the receipt. Warehouse receipts must also address adverse claims or attachments that could be made against the goods.

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    Warehouse Receipt

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    Documents of title to goods include bills of lading and warehouse receipts. Warehouse receipts have specific legal functions - they can be negotiable or non-negotiable, transferred with warranties, and subject the warehouseman to defenses or liens as indicated on the receipt. Warehouse receipts must also address adverse claims or attachments that could be made against the goods.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    9 views1 page

    Warehouse Receipt Syllabus

    Uploaded by

    Kiwi Soriano
    Documents of title to goods include bills of lading and warehouse receipts. Warehouse receipts have specific legal functions - they can be negotiable or non-negotiable, transferred with warranties, and subject the warehouseman to defenses or liens as indicated on the receipt. Warehouse receipts must also address adverse claims or attachments that could be made against the goods.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    1. Documents of Title to goods (Art.

    1636 NCC);
    a. Bills of Lading
    b. Warehouse Receipt (Warehouse Receipt Law Act No. 2137
    2. Three (3) Functions of Documents of Title of Goods
    3. Warehouse Receiptsa. Form (Sec. 2);
    b. Negotiability;
    i. Delivery and Indorsement;
    ii. Effects of negotiation (Philippine Trust Co. vs. National
    Bank, G.R. No. L-16510, 09 January 1922);
    iii. Who may negotiate the document?
    iv. Warranties;
    c. Non-Negotiable WR;
    i. Rights of Transferor;
    d. Defenses of Warehouseman (Philippine National Bank vs. Sayo,
    Jr., G.R. No. 129918, 09 July 1998);
    e. Warehousemans Lien;
    i. Statement in the receipt;
    ii. Properties subject to lien;
    iii. Loss of Lien;
    f. Adverse Claims;
    g. Attachment or Levy.

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