Question

Dock warrant can be transferred by ----

• A. endorsement and delivery
• B. only delivery
• C. verbal agreement and delivery
• D. signature and verbal consent

Answer 1

Answer:

A. endorsement and delivery

Dock Warrant:

• Dock warrant is an instrument issued by the warehouse Keeper to the importers who deposits goods with them. 

• A Dock warrant certifies that the holder is entitled to be the owner of the goods imported and warehoused in the docks or wharf.

• Dock warrant can be transferred by endorsement and delivery and it is a negotiable instrument.