Laube v. Seattle National Bank

Citations

• 130 Wash. 550
• 228 P. 594
• 1924 Wash. LEXIS 686

Syllabus

<p>Warehousemen (2) — Receipts—Pledges—Control or Possession op Goods. A warehouse' company may issue negotiable warehouse receipts for personal property left in the custody of a third person or its agent, although it did not physically store the same in its own warehouse, where the owner surrendered all physical control over the trucks until return of the receipts properly endorsed.</p> <p>Same (2) — Receipts—Validity—Possession of Goods — Evidence. That a warehouse company, holding possession of the property of an insolvent corporation, was so intimately related to the insolvent as to show that its possession of. property stored with it was in substance the possession of the insolvent, so that it could not issue negotiable warehouse receipts for the property, is not sufficiently established by the evidence where it does not appear that it acted exclusively for the insolvent, or ever issued receipts for goods left in the possession of the insolvent, nor by evidence that the insolvent had acquired all the stock of the warehouse company.</p> <p>Same (2) — Receipts—Requisites—Location of Warehouse. The validity or negotiability of warehouse receipts is not affected by the fact that they did not describe the location of the warehouse where the goods were stored, as required by ■ Rem. Comp. Stat., § 3588, prescribing the requisites of such receipts.</p>