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WAEC Commerce 1992 Question 19

Question 19

Warehousing

Which of the following is a receipt for goods deposited in a public warehouse?

  1. A.Bond
  2. B.Mate's receipt
  3. C.Warrant
  4. D.Warranty
  5. E.Bill of lading
Show the answer and explanation

Answer: C (Warrant)

Explanation

A warehouse (dock) warrant is the receipt given for goods stored in a public warehouse; it is also a document of title.