Chambers, Holton & Winn v. John A. Hubbard & Co.

Citations

• 51 La. Ann. 887
• 25 So. 536
• 1899 La. LEXIS 490

Syllabus

<p>Syllabus.</p> <p>Act 156 of 1882 did not repeal Act 72 of 1876.</p> <p>A factor who bolds a warehouse receipt may pledge the goods, covered by the-receipt, to the, extent that he is a creditor of the principal.</p> <p>To the extent that the factor is a creditor with a warehouse receipt securing his claim, the debtor of the factor is without interest to question the form of the warehouse receipt; the factor, having been under operation of law, subrogated to the right of his principal to the extent before stated.</p>