enumerates other charges for which a lien is claimed. In such a case there shall be a lien for the charges enumerated as far as they are within the provisions of section 1800 of this title, although the amount of the charges so enumerated is not stated in the receipt.

§ 1804. Warehouseman need not deliver until lien is satisfied

A warehouseman having a lien valid against the person demanding the goods may refuse to deliver the goods to him until the lien is satisfied.

§ 1805. Warehouseman's lien does not preclude other remedies Whether a warehouseman has or has not a lien upon the goods, he is entitled to all remedies allowed by law to a creditor against his debtor for the collection from the depositor of all charges and advances which the depositor has expressly or impliedly contracted with the warehouseman to pay.

§ 1806. Satisfaction of lien by sale

A warehouseman's lien for a claim which has become due may be satisfied as follows:

The warehouseman shall give a written notice to the person on whose account the goods are held, and to any other person known by the warehouseman to claim an interest in the goods. The notice shall be given by delivery in person or by registered or certified mail addressed to the last known place of business or abode of the person to be notified. The notice shall contain:

(1) an itemized statement of the warehouseman's claim, showing the sum due at the time of the notice and the date or dates when it became due;

(2) a brief description of the goods against which the lien exists;

(3) a demand that the amount of the claim as stated in the notice, and of such further claim as shall accrue, shall be paid on or before a day mentioned, not less than 10 days from the delivery of the notice if it is personally delivered, or from the time when the notice should reach its destination, according to the due course of post, if the notice is sent by mail; and

(4) a statement that unless the claim is paid within the time specified the goods will be advertised for sale and sold by auction at a specified time and place or by advertising for sealed bids. In accordance with the terms of a notice so given, a sale of the goods by auction or by acceptance of a bid may be had to satisfy any valid claim of the warehouseman for which he has a lien on the goods. If the sale is by auction, it shall be had in the place where the lien was acquired, or, if such a place is manifestly unsuitable for the purpose, at the nearest suitable place. After the time for the payment of the claim specified in the notice to the depositor has elapsed, an advertisement of the sale, describing the goods to be sold, and stating the name of the owner or person on whose account the goods are held, and the time and place of the sale, shall be published once a week for two consecutive weeks in a newspaper having general circulation in the Canal Zone. The sale shall be held not less than 15 days from the time of the first publication.

From the proceeds of the sale the warehouseman shall satisfy his lien, including the reasonable charges of notice and sale. The balance, if any, of the proceeds shall be held by the warehouseman, and delivered on demand to the person to whom he would have been bound to deliver or justified in delivering the goods. If any balance is not claimed by the rightful owner within one month from the day of the sale, it shall be paid to the Canal Zone Government; and if it is not claimed by the owner thereof or his legal representatives within

one year thereafter, it shall be covered into the Treasury of the United States as miscellaneous receipts.

At any time before the goods are so sold, any person claiming a right of property or possession therein may pay the warehouseman the amount necessary to satisfy his lien and to pay the reasonable expenses and liabilities incurred in serving and posting notices and preparing for the sale up to the time of the payment. The warehouseman shall deliver the goods to the person making the payment if he is a person entitled, under this subchapter, to the possession of the goods on payment of the charges thereon. Otherwise the warehouseman shall retain possession of the goods according to the terms of the original contract of deposit.

§ 1807. Perishable and hazardous goods

If goods are of a perishable nature, or by keeping will deteriorate greatly in value, or by their odor, leakage, inflammability, or explosive nature will be liable to injure other property, the warehouseman may give such notice to the owner, or to the person in whose name the goods are stored, as is reasonable and possible under the circumstances, to satisfy the lien upon the goods and to remove them from the warehouse, and in the event of the failure of the person to satisfy the lien and to remove the goods within the time so specified, the warehouseman may sell the goods at public or private sale without posting notices. If the warehouseman after a reasonable effort is unable to sell the goods, he may dispose of them in any lawful manner, and shall incur no liability by reason thereof.

The proceeds of a sale made under this section shall be disposed of in the same way as the proceeds of sales made pursuant to section 1806 of this title.

§ 1808. Other methods of enforcing liens

The remedy for enforcing a lien herein provided does not preclude any other remedies allowed by law for the enforcement of a lien against personal property nor bar the right to recover so much of the warehouseman's claim as is not paid by the proceeds of the sale of the property.

$1809. Effect of sale

After goods have been lawfully sold to satisfy a warehouseman's lien, or have been lawfully sold or disposed of because of their perishable or hazardous nature, the warehouseman is not liable for failure to deliver the goods to the depositor, or owner of the goods, or to a holder of the receipt given for the goods when they were deposited, even if the receipt is negotiable.

Article C-Negotiation and Transfer of Receipts 81811. Negotiation of negotiable receipts by delivery A negotiable receipt may be negotiated by delivery:

(1) where, by the terms of the receipt, the warehouseman undertakes to deliver the goods to the bearer; or

(2) where, by the terms of the receipt, the warehouseman undertakes to deliver the goods to the order of a specified person, and that person or a subsequent indorsee of the receipt has indorsed it in blank or to bearer.

Where, by the terms of a negotiable receipt, the goods are deliverable to bearer or where a negotiable receipt has been indorsed in blank or to bearer, any holder may indorse the same to himself or to any other specified person, and in that case the receipt may thereafter be negotiated only by the indorsement of such indorsee.

§ 1812. Negotiation of negotiable receipts by indorsement

A negotiable receipt may be negotiated by the indorsement of the person to whose order the goods are, by the terms of the receipt, deliverable. The indorsement may be in blank, to bearer, or to a specified person. If indorsed to a specified person, it may be again negotiated by the indorsement of that person in blank, to bearer, or to another specified person. Subsequent negotiation may be made in like manner.

§ 1813. Transfer of receipts

A receipt which is not in such form that it can be negotiated by delivery may be transferred by the holder by delivery to a purchaser or donee.

A nonnegotiable receipt may not be negotiated, and the indorsement of such a receipt gives the transferee no additional right.

81814. Who may negotiate a receipt

A negotiable receipt may be negotiated by any person in possession of it, however possession may have been acquired, if, by the terms of the receipt, the warehouseman undertakes to deliver the goods to the order of that person or if at the time of negotiation the receipt is in such form that it may be negotiated by delivery.

§ 1815. Rights of person to whom a receipt has been negotiated A person to whom a negotiable receipt has been duly negotiated acquires thereby:

(1) such title to the goods as the person negotiating the receipt to him had or had ability to convey to a purchaser in good faith for value, and also such title to the goods as the depositor or person to whose order the goods were to be delivered by the terms of the receipt had or had ability to convey to a purchaser in good faith for value; and

(2) the direct obligation of the warehouseman to hold possession of the goods for him according to the terms of the receipt as fully as if the warehouseman had contracted directly with him. § 1816. Rights of person to whom a receipt has been transferred A person to whom a receipt has been transferred but not negotiated acquires thereby, as against the transferor, the title to the goods, subject to the term of any agreement with the transferor.

If the receipt is nonnegotiable, the person also acquires the right to notify the warehouseman of the transfer to him of the receipt, and thereby to acquire the direct obligation of the warehouseman to hold possession of the goods for him according to the terms of the receipt. Prior to the notification of the warehouseman by the transferor or transferee of a nonnegotiable receipt, the title of the transferee to the goods and the right to acquire the obligation of the warehouseman may be defeated by the levy of an attachment or execution upon the goods by a creditor of the transferor, or by a notification to the warehouseman by the transferor or a subsequent purchaser from the transferor of a subsequent sale of the goods by the transferor.

§ 1817. Transfer of negotiable receipt without indorsement

If a negotiable receipt is transferred for value by delivery, and the indorsement of the transferor is essential for negotiation, the transferee acquires a right against the transferor to compel him to indorse the receipt, unless a contrary intention appears. The negotiation takes effect as of the time when the indorsement is actually made.

§ 1818. Warranties on sale of receipt

A person who for value negotiates or transfers a receipt by indorsement or delivery, including one who assigns for value a claim secured by a receipt, unless a contrary intention appears, warrants:

(1) that the receipt is genuine;

(2) that he has a legal right to negotiate or transfer it;

(3) that he has knowledge of no fact which would impair the validity or worth of the receipt; and

(4) that he has a right to transfer the title to the goods, and that the goods are merchantable or fit for a particular purpose whenever such warranties would have been implied, if the contract of the parties had been to transfer without a receipt the goods represented thereby.

§ 1819. Indorser not a guarantor

The indorsement of a receipt does not make the indorser liable for any failure on the part of the warehouseman or previous indorsers of the receipt to fulfill their respective obligations.

§ 1820. Warranty not implied from accepting payment of a debt A mortgagee, pledgee, or holder for security of a receipt who in good faith demands or receives payment of the debt for which the receipt is security, whether from a party to a draft drawn for such debt or from any other person, is not by so doing deemed to represent or to warrant the genuineness of the receipt or the quantity or quality of the goods therein described.

§ 1821. When negotiation not impaired by fraud, mistake, or duress

The validity of the negotiation of a receipt is not impaired by the fact that the negotiation was a breach of duty on the part of the person making the negotiation, or by the fact that the owner of the receipt was deprived of the possession of the same by loss, theft, fraud, accident, mistake, duress, or conversion, if the person to whom the receipt was negotiated, or a person to whom the receipt was subsequently negotiated, paid value therefor, in good faith, without notice. of the breach of duty, or loss, theft, fraud, accident, mistake, duress, or conversion.

§ 1822. Subsequent negotiation

If a person having sold, mortgaged, or pledged goods which are in a warehouse and for which a negotiable receipt has been issued, or having sold, mortgaged, or pledged the negotiable receipt representing the goods, continues in possession of the negotiable receipt, the subsequent negotiation thereof by that person under a sale, or other disposition thereof to a person receiving the same in good faith, for value and without notice of the previous sale, mortgage, or pledge, has the same effect as if the first purchaser of the goods or receipt had expressly authorized the subsequent negotiation. § 1823. Negotiation defeats vendor's lien

If a negotiable receipt has been issued for goods, a seller's lien or right of stoppage in transitu does not defeat the rights of a purchaser for value in good faith to whom the receipt has been negotiated, whether the negotiation is prior or subsequent to the notification to the warehouseman who issued the receipt of the seller's claim to a lien or right of stoppage in transitu. Nor is the warehouseman obliged to deliver or justified in delivering the goods to an unpaid seller unless the receipt is first surrendered for cancellation.

Article D-Criminal Offenses

§ 1831. Issue of receipt for goods not received

Whoever, being a warehouseman, or an officer, agent, or servant of a warehouseman, issues or aids in issuing a receipt knowing that the goods for which it is issued have not been actually received by the warehouseman, or are not under his actual control at the time of issuing the receipt, shall, for each such offense, be fined not more than $1,000 or imprisoned in jail not more than one year, or both. § 1832. Issue of receipt containing false statement

Whoever, being a warehouseman, or an officer, agent, or servant of a warehouseman, fraudulently issues or aids in fraudulently issuing a receipt for goods, knowing that it contains any false statement, shall, for each such offense, be fined not more than $1,000 or imprisoned in jail not more than one year, or both.

§ 1833. Issue of duplicate receipts not so marked

Whoever, being a warehouseman, or an officer, agent, or servant of a warehouseman, issues or aids in issuing a duplicate or additional negotiable receipt for goods, knowing that a former negotiable receipt for the same goods or any part of them is outstanding and uncanceled, without plainly placing upon the face thereof the word "Duplicate,' except in the case of a lost or destroyed receipt after proceedings as provided for by section 1787 of this title, shall, for each such offense, be fined not more than $1,000 or imprisoned in jail not more than one year, or both.

§ 1834. Issue for warehouseman's goods of receipts which do not state that fact

Where there are deposited with or held by a warehouseman goods of which he is owner, either solely or jointly or in common with others, the warehouseman, or any of his officers, agents, or servants who, knowing this ownership, issues or aids in issuing a negotiable receipt for the goods which does not state the ownership, shall, for each such offense, be fined not more than $1,000 or imprisoned in jail not more than one year, or both.

§ 1835. Delivery of goods without obtaining negotiable receipt Except in the cases provided for by sections 1787 and 1809 of this title, whoever, being a warehouseman, or an officer, agent, or servant of a warehouseman, deliver goods out of the possession of the warehouseman, knowing that a negotiable receipt the negotiation of which would transfer the right to the possession of the goods is outstanding and uncanceled, without obtaining the possession of the receipt at or before the time of the delivery, shall, for each such offense, be fined not more than $1,000 or imprisoned in jail not more than one year, or both.

§ 1836. Negotiation of receipt for mortgaged goods

Whoever deposits goods to which he has not title, or upon which there is a lien or mortgage, and takes for the goods a negotiable receipt which he afterwards negotiates for value with intent to deceive and without disclosing his want of title or the existence of the lien or mortgage, shall, for each such offense, be fined not more than $1,000 or imprisoned in jail not more than one year, or both.