Section 119 — Estoppel of bailee or licensee

(1)No bailee, agent or licensee is permitted to deny that the bailor, principal or licensor, by whom any goods were entrusted to any of them respectively, was entitled to those goods at the time when they were so entrusted.

(2)Any such bailee, agent or licensee (A) may show that A was compelled to deliver up any such goods to some person who had a right to them as against A’s bailor, principal or licensor, or that A’s bailor, principal or licensor wrongfully and without notice to A, obtained the goods from a third person, who has claimed them from A.