The rights of a holder of a warehouse receipt depend on whether the receipt is:

Question

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The rights of a holder of a warehouse receipt depend on whether the receipt is negotiable or not. A negotiable receipt allows for the transfer of ownership of the goods represented on the receipt, while a non-negotiable receipt only grants the holder a right to possession of the goods.  Rescissory and notarized as a document of title/bill of lading are not relevant to the rights of a holder of a warehouse receipt.

The Rights of a Holder of a Warehouse Receipt Depend