ART. 2] PLEDGE—INSOLVENCY OF FACTORS. 205

described therein, so far as to give validity to any contract
thereafter to be made by such person with any other person or
body corporate for the sale or disposal of the said goods,
wares or merchandise, or for the pledge or deposit thereof as
a security for any money or negotiable instrument advanced or
given on the faith of such documents, or any of them; pro-
vided, that such person or body corporate shall not have notice
by such document or otherwise, that the person so intrusted is
not the actual and bona fide owner of such goods, wares and
merchandise.
Farmers Packing Co. v. Brown, 87 Md. 10.

1888, art. 2, sec. 4. 1860, art. 3, sec. 4. 1825, ch. 182, sec. 3.

4. Any person or body corporate may contract with any
agent or factor intrusted with any goods, wares or merchandise,
or to whom the same may be consigned, for the purchase
thereof, and may receive the same from such agent, factor or
consignee, and pay him therefor; and such contract and pay-
ment shall be good against the owner, notwithstanding such
person shall have notice that the person making such contract,
or on whose behalf such contract is made, is an agent or factor;
provided, that such contract and payment be made in the usual
course of business, and that when such contract is entered into
or payment made, such person or body corporate shall not have
notice that such agent or factor is not authorized to sell the
goods, wares or merchandise, or receive the purchase money
for the same.

Levi v. Booth, 57 Md. 306.

Ibid, sec 5. 1860, art 3, sec. 5. 1825, ch 182, sec 4

5. If any person or body corporate shall take any goods,
wares or merchandise, or any document mentioned in section
3, in deposit or pledge from any person so intrusted with the
same, or to whom the same may be consigned, or who may be
intrusted with and in possession of any such bill of lading,
storekeeper's or inspector's certificate, order for the delivery of
goods, or other such document showing possession, without
notice as aforesaid, as a security for any debt or demand exist-
ing before the time of such deposit or pledge, then such person
shall acquire such right, title or interest as was possessed and
might have been enforced by the person from whom he received
the same, and no more.