Question
1.On July 1, D deposited his goods with W, warehouseman, who issued to D a warehouse receipt which states that the goods are to be
1.On July 1, D deposited his goods with W, warehouseman, who issued to D a warehouse receipt which states that the goods are to be delivered to the order of D. Thereafter, D indorsed the warehouse receipt to A. Assume that on July 5, A delivered the warehouse receipt without any indorsement to H, a purchases for value. On July 7, A notified W that he had sold the goods to X. At the time of such notification, W has not yet learned of the transfer of the document made by A to H. Who has a better right to the goods? H or X? Explain.
2.On July 1, D deposited goods with W, warehouseman, who issued to D a warehouse receipt which states that the goods are to be delivered to the order of D. Thereafter, D indorsed the warehouse receipt to A. Suppose that on July 5, A indorsed the warehouse receipt to H, a purchaser for value. On July 7, A notified W that he had sold the goods to X. At the time of such notification, W had not yet learned of the indorsement of the warehouse receipt made by A to H. Who has better right to the goods? H or X? Explain.
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