Contents of Section

Chapter:

48 PDFTitle:FACTORS ORDINANCEGazette Number:
Section:11Heading:Effect of transfer of document of title on vendor's lien or right of stoppage in transituVersion Date:30/06/1997

Where a document of title to goods has been lawfully transferred to a person as a buyer or owner of the goods, and that person transfers the document to a person who takes the document in good faith and for valuable consideration, the last-mentioned transfer shall have the same effect for defeating any vendor's lien or right of stoppage in transitu as the transfer of a bill of lading has for defeating the right of stoppage in transitu.