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Judy stored 1 kilogram of Gold worth P3,000,000.00 in the warehouse of Wilma. Wilma issued a warehouse receipt which is deliverable to bearer. Betty, to

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Judy stored 1 kilogram of Gold worth P3,000,000.00 in the warehouse of Wilma. Wilma issued a warehouse receipt which is deliverable to bearer. Betty, to whom Judy P2,000,000, learned of the gold stored in the warehouse of and now seeks to levy the gold in order that the debt would be paid. Judy had already negotiated the warehouse receipt to Velma and further negotiated the wareahouse receipt to Daphne by delivery but insists that it there must also be indorsement. Can Betty still have the gold levied or garnished? Can Daphne insist that there should be an indorsement of the warehosue receipt? Explain fully

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