Peoples Warehouse Co. v. Commercial Bank & Trust Co.

A negotiable warehouse receipt under the Uniform Warehouse Receipts Act is defined as “A receipt in -which it is stated that the goods received will be delivered to the bearer or to the order of any person named in such receipt is a negotiable receipt.” One of the receipts here in question is as follows:

“PEOPLES BONDED WAREHOUSE

Griffin, Georgia.

License PEOPLES WAREHOUSE COMPANY Receipt and

Number Proprietor Tag

2-127 No. 26584

Licensed and Bonded under the United States Warehouse Act

Original . . Negotiable

Warehouse Receipt

For One Bale of Cotton

Received from A. H. Huc¿aby of . . For storage in…