Sales (Documents of Title)

1. Jake deposited for safekeeping equipment worth P 5,000,000 in the warehouse of Kenneth. Kenneth issued a warehouse receipt which states "Deliver to Bearer". Kenneth misplaced the warehouse receipt and was later on picked up by Luka. Luka then delivered it to Mark not knowing that Luka does not have any right over the goods represented by the warehouse receipt. Does Mark have a right to the goods represented by the warehouse receipt? Explain Fully.