law: The Warehousing (Development and Regulation) Act, 2007
  17. Negotiation of
  
  warehouse receipt not impaired by fraud, mistake or duress. -
  The validity of the
  
  negotiation of a receipt is not impaired by the fact that-
  a.  
  
    the
  
  negotiation was a breach of duty on the part of the person making the
  
  negotiation; or
  b.  
  
    the
  
  owner of the receipt was induced by fraud, mistake or duress to entrust the
  
  possession or custody of the receipt to that person, if the person to whom the
  
  receipt was negotiated or a person to whom the receipt was subsequently
  
  negotiated, paid value for it without knowing of the breach of duty, fraud,
  
  mistake or duress.