Chicago Dock Co. v. Foster

Citations

• 48 Ill. 507

Syllabus

<p>1. Bargain and sale—rights of a bona fide purchaser from, a fraudulent vendee as against the original vendor. Where a party sells goods to another and delivers them, although under such circumstances as would authorize a rescission of the sale and recovery of the goods as against the vendee, a sale of the goods by the purchaser to a party in good faith, will be good, and such party can hold them against an action of replevin by the first vendor.</p> <p>2. Warehousemen—warehouse receipts—under act incorporating the Chicago Dock Co., negotiable. Under the act incorporating the Chicago Dock Company, a warehouse receipt issued by that company is made negotiable, and as such, absolutely vests in the holder the title to the property specified in it.</p>