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Business Law: Principles for Today's Commercial Environment 3rd Edition by Marianne Moody Jennings, David Twomey, Marianne Jennings
Edition 3ISBN: 9780324786699Business Law: Principles for Today's Commercial Environment 3rd Edition by Marianne Moody Jennings, David Twomey, Marianne Jennings
Edition 3ISBN: 9780324786699 Exercise 9
Under the UCC, a warehouse receipt:
a. Is negotiable if, by its terms, the goods are to be delivered to bearer or to the order of a named person
b. Will not be negotiable if it contains a contractual limitation on the warehouse's liability
c. May qualify as both a negotiable warehouse receipt and negotiable commercial paper if the instrument is payable either in cash or by the delivery of goods
d. May be issued only by a bonded and licensed warehouser
a. Is negotiable if, by its terms, the goods are to be delivered to bearer or to the order of a named person
b. Will not be negotiable if it contains a contractual limitation on the warehouse's liability
c. May qualify as both a negotiable warehouse receipt and negotiable commercial paper if the instrument is payable either in cash or by the delivery of goods
d. May be issued only by a bonded and licensed warehouser
Explanation
Verified
Verified
b) False. Contractual limitations have n...
Business Law: Principles for Today's Commercial Environment 3rd Edition by Marianne Moody Jennings, David Twomey, Marianne Jennings
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