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WAEC Commerce 1995 Question 56

Question 56

Warehousing

A receipt for goods deposited in a public warehouse is called a

  1. A.warranty
  2. B.dock warrant
  3. C.bond
  4. D.bill of sight
  5. E.letter of hypothecation
Show the answer and explanation

Answer: B (dock warrant)

Explanation

A dock (warehouse) warrant is the receipt and document of title for goods in a public warehouse.