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Home Q & A Board Humanities Legal Studies
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Nunizworld Nunizworld
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6 years ago
Under the UCC, a warehouse receipt:
 a. Is negotiable if, by its terms, the goods are to be delivered to bearer or to the order of a named person.
  b. Will not be negotiable if it contains a contractual limitation on the warehouse's liability.
  c. May qualify as both a negotiable warehouse receipt and negotiable commercial paper if the instrument is payable either in cash or by the delivery of goods.
  d. May be issued only by a bonded and licensed warehouser.
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JaspreetJaspreet
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6 years ago
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