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Dock warrant is a ---.

Astorage receipt

Bnegotiable instrument

Ccertificate of origin

Dcustoms declaration

Answer:

B. negotiable instrument

Read Explanation:

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.


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