Act Number: 37

Act Name: The Warehousing (Development and Regulation) Act, 2007

Year: 2007

Enactment Date: 2007-09-19

Long Title: An Act to make provisions for the development and regulation of warehouses, negotiability of warehouse receipts, establishment of a Warehousing Development and Regulatory Authority and for matters connected therewith or incidental thereto.

Ministry: Ministry of Consumer Affairs, Food and Public Distribution

Department: Department of Food and Public Distribution

Section 22: Presumption in certain cases.
    In a dispute between an endorser of a negotiable warehouse receipt and his endorsee unless it is proved otherwise, it shall be presumed that--
         (a) the endorsement has been made voluntarily;
         (b) the endorsement has been made for full consideration;
         (c) the endorser had full legal title in the goods represented by the receipt; and
         (d) the endorsement has extinguished all the rights, title and interest of the endorser in the goods.
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