Commercial Law, 2011 Bar — Question 79

MULTIPLE CHOICE

T delivers two refrigerators to the warehouse of W who then issues a negotiable receipt undertaking the delivery of the refrigerators to “T or bearer." T entrusted the receipt to B for safekeeping only. B negotiated it, however, to F who bought it in good faith and for value. Who is entitled to the delivery of the refrigerators? A) T, since he is the real owner of the refrigerators. B) F, since he is a purchaser in good faith and for value. C) B, since T entrusted the receipt to him. D) W, since he has as a warehouseman a lien on the goods.

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