Alabama Code 7-7-208. Altered warehouse receipts
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Terms Used In Alabama Code 7-7-208
- Good faith: means honesty in fact in the conduct or transaction concerned. See Alabama Code 7-7-102
- Issuer: means a bailee that issues a document of title or, in the case of an unaccepted delivery order, the person that orders the possessor of goods to deliver. See Alabama Code 7-7-102
- Warehouse: means a person engaged in the business of storing goods for hire. See Alabama Code 7-7-102
If a blank in a negotiable tangible warehouse receipt has been filled in without authority, a good faith purchaser for value and without notice of the lack of authority may treat the insertion as authorized. Any other unauthorized alteration leaves any tangible or electronic warehouse receipt enforceable against the issuer according to its original tenor.