A warehouse receipt may be either negotiable or nonnegotiable.

Name: A warehouse receipt may be either negotiable or nonnegotiable.
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Quizplus · Accepted Answer

A warehouse receipt can be negotiable or nonnegotiable depending on whether it is transferable or not. A negotiable warehouse receipt can be transferred to a third party as a form of payment or collateral, whereas a nonnegotiable warehouse receipt cannot be transferred.

A Warehouse Receipt May Be Either Negotiable or Nonnegotiable