What is a warehouse receipt?
A)A receipt received by a warehouse after the bailor has retrieved the bailed goods and payment has been made.
B)A document of title issued by a warehouse company stating that the bailor has title to the bailed goods.
C)A certificate of authenticity issued by a warehouse stating that it is certified to hold bailed goods.
D)An inventory list provided to the warehouse company by the bailor of the bailed goods.

Question

Quizplus · Accepted Answer

A warehouse receipt is a document of title issued by a warehouse company stating that the bailor has title to the bailed goods. It provides evidence of ownership for the goods held in a warehouse, and can be used as collateral for loans or traded as a negotiable instrument.

What Is a Warehouse Receipt