Hong Kong Ordinances

FACTORS ORDINANCE - SECT 6

Rights acquired by exchange of goods or documents

The consideration necessary for the validity of a sale, pledge, or other
disposition of goods, in pursuance of this Ordinance, may be either a payment
in cash, or the delivery or transfer of other goods, or of a document of title
to goods, or of a negotiable security, or any other valuable consideration;
but where goods are pledged by a mercantile agent in consideration of the
delivery or transfer of other goods, or of a document of title to goods, or of
a negotiable security, the pledgee shall acquire no right or interest in the
goods so pledged in excess of the value of the goods, document, or security
when so delivered or transferred in exchange.