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(1) Where a person, having sold goods, continues or is
in possession of the goods or of the documents of title to the goods, the delivery or transfer by that person
or by a mercantile agent acting for him, of the goods or documents of title under any sale, pledge or other
disposition thereof to any person receiving the same in good faith and without notice of the previous sale
shall have the same effect as if the person making the delivery or transfer were expressly authorised by
the owner of the goods to make the same.
(2) Where a person, having bought or agreed to buy goods, obtains, with the consent of the seller,
possession of the goods or the documents of title to the goods, the delivery or transfer by that person or by
a mercantile agent acting for him, of the goods or documents of title under any sale, pledge or other
disposition thereof to any person receiving the same in good faith and without notice of any lien or other
right of the original seller in respect of the goods shall have effect as if such lien or right did not exist.
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