WAREHOUSING n.
The act of placing goods in a warehouse, or in a customhouse store. Warehousing system, an arrangement for lodging imported articles in the customhouse stores, without payment of duties until they are taken out for home consumption. If reëxported, they are not charged with a duty. See Bonded warehouse, under Bonded, a.…
WARRANTY n.
is, or shall be, as it is expressly or impliedly declared or promised to be. In sales of goods by persons in possession, there is an implied warranty of title, but, as to the quality of goods, the rule of every sale is, Caveat emptor. Chitty. Bouvier.