P.R. Laws tit. 10, § 438
2019-02-20 00:00:00+00
Where a person having sold or pledged goods which are in a warehouse and for which a negotiable receipt has been issued, or having sold or pledged the negotiable receipt representing such goods, continues in possession of the negotiable receipt, the subsequent negotiation thereof by that person under any sale, or other disposition thereof to any person receiving the same in good faith, for value and without notice of the previous sale or pledge, shall have the same effect as if the first purchaser of the goods or receipt had expressly authorized the subsequent negotiation.
History —Feb. 21, 1918, No. 9, p. 22, § 48.