A buyer has a receipt for goods that are being stored in a warehouse. He uses that receipt as collateral in another transaction. With reference to the various categories of indispensable paper, the receipt is most likely to be an example of a(n) ___.

Question

Quizplus · Accepted Answer

A document includes documents that are negotiable or nonnegotiable. For example, suppose a buyer has a receipt for goods that are being stored in a warehouse. He can use that receipt as collateral in another transaction.

A Buyer Has a Receipt for Goods That Are Being