Page:United States Statutes at Large Volume 76A.djvu/254

–158– -158(4) a statement whether the goods received will be delivered to the bearer, to a specified person, or to a specified person or his order; (5^ the rate of storage charges; (6) a description of the goods or of the packages containing them; (7) the signature of the warehouseman, which may be made by his authorized agent; (8) if the receipt is issued for goods of which the warehouseman is owner, either solely or jointly or in common with others, the fact of the ownership; and (9) a statement of the amount of advances made and of liabilities incurred for which the warehouseman claims a lien; and if the precise amount of the advances made or of the liabilities incurred is, at the time of the issue of the receipt, unknown to the warehouseman or to his agent who issues it, a statement of the fact that advances have been made or liabilities incurred and the purpose thereof is sufficient. A warehouseman is liable to any person injured thereby, for all damage caused by the omission from a negotiable receipt of any of the foregoing terms. § 1773. Form of receipts; what terms may be inserted A warehouseman may insert in a receipt, issued by him, any other terms and conditions, but the terms and conditions may not: ^1) be contrary to this subchapter; or (2) in anywise impair his obligation to exercise that degree of care in the safe-keeping of the goods intrusted to him which a reasonably careful man would exercise in regard to similar goods of his own. § 1774. Definition of nonnegotiable receipt A receipt in which it is stated that the goods received will be delivered to the depositor, or to any other specified person, is a nonnegotiable receipt. § 1775. Definition of negotiable receipt 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. A nonnegotiable provision may not be inserted in a negotiable receipt. Such a provision, if inserted, is void. § 1776. Duplicate receipts must be so marked "Wlien more than one negotiable receipt is issued for the same goods, the word "duplicate" shall be plainly placed upon the face of every such receipt except the one first issued. A warehouseman is liable for all damage caused by his failure so to do to any one who purchases the subsequent receipt for value supposing it to be an original, even though the purchase be after the delivery of the goods by the warehouseman to the holder of the original receipt. § 1777. Failure to mark "not negotiable'* A nonnegotiable receipt shall have plainly placed upon its face by the warehouseman issuing it "nonnegotiable" or "not negotiable." I n case of the warehouseman's failure so to do, a holder of the receipt who purchases it for value supposing it to be negotiable may, at his option, treat the receipt as imposing upon the warehouseman the same liabilities he would have incurred had the receipt been negotiable. This section does not apply, however, to letters, memoranda, or written acknowledgments of an informal character.

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