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A warehouse receipt is not a negotiable instrument because the receipt states that the goods received will be delivered to the depositor or to a specified person.

Such a receipt does not state that the goods will be delivered to the bearer or to the order of any person named in the receipt.

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11y ago

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What is a 'negotiable warehouse receipt?

A negotiable warehouse receipt is one that can be given, for value, to another. You have ordered product from a manufacturer to be delivered to a warehouse destination. You receive a warehouse receipt saying the items are in the warehouse and you now own them. If you owe someone else money, you can give them the warehouse receipt and they will now own the goods, in payment, or partial payment, for what you owed them (the value).


Is a Treasury Warrant a negotiable instrument?

There are certain documents of title with limited negotiability which are also widely used in commercial transactions but have been held to be non-negotiable because they do not have the requisites that are essential under the Negotiable Instruments Law. They are beyond the scope of the Negotiable Instruments Law and are, therefore, governed by other laws. Among such documents are the following: Letter of credit, Treasury warrant, Postal money order, Bill of Lading, Certificate of Stock, and Warehouse receipt.


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Give you a sample form of a warehouse receipt?

yes