List of Questions for LO7 (Almario and Unto)

1. Why will a warehouseman be liable for the damages caused by his failure to mark the
duplicate?
Because it would cause confusion to the holder of the original receipt
2. What are the conditions provided in Section 8 of the Warehouse Receipts Law?
a. An offer to satisfy the warehouseman’s lien;
b. An offer to surrender the receipt, if negotiable with such indorsements as would
be necessary for the negotiation of the receipts; and
c. readiness and willingness to sign,
3. To whom must the goods be delivered?
a. Person lawfully entitled to possession of goods or his agent.
b. Person entitled to delivery under either a non-negotiable receipt or with written
authority.
c. Person in possession of a negotiable receipt
4. What is the rule when it comes to commingling deposited goods?
GR: Warehouseman may not mingle goods belonging to depositors. (Sec. 22)
XPN:Fungible goods may be commingled if warehouseman authorized (Sec. 23) à
different owners become co-owners of the whole mass
5. What do lien serve as payment for?
Charges, Money Advance, Sale of Goods
6. Who may negotiate a Receipt?
Owner of the goods and any person to whom the possession or custody of the receipt
has been entrusted by the owner
7. What are the kinds of Negotiation of Negotiable Receipt?
By Delivery and By Indorsement