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Home Q & A Board Humanities Legal Studies
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sah00441515 sah00441515
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6 years ago
The Willett Seed Company stored its goods with the Augusta Warehouse Company and received a negotiable warehouse receipt. The Willett Seed Company then borrowed money from the Georgia Railroad Bank and pledged the warehouse receipt as security. The seed company defaulted, and the bank demanded the goods from the warehouse. The warehouse stated that it already had delivered the goods to the seed company on the strength of that company's promise that it would surrender the receipt shortly thereafter. The bank sued the warehouse for the value of the goods. Will the bank win?
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ishgupishgup
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6 years ago
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sah00441515 Author
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6 years ago
Thank you, thank you, thank you!
kater28
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Yesterday
Good timing, thanks!
dedricgard
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2 hours ago
You make an excellent tutor!
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