About this document
Understanding Warehouse Receipt Law by Jenny wicas is a document available to read on EtoBox.
A warehouse receipt is not a negotiable instrument as it does not meet the requirements under negotiable instruments law. While some sections mention negotiability, it refers only to the transferability of the receipt, not in the same sense as bills of exchange. A receipt stating goods will be delivered to the depositor is non-negotiable, while one delivering goods to the bearer or order is negotiable. A warehouseman must deliver goods to those lawfully entitled and is liable for conversion for unauthorized
- Author
- Jenny wicas
- Language
- EN