If a Warehouse Receipt Provides for the Delivery of the Goods

question 42

True/False

If a warehouse receipt provides for the delivery of the goods "to the bearer," the receipt may be negotiated by transfer of the document.

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Definitions:

Sarbanes-Oxley Act

A U.S. federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Corporate Responsibility

A business concept where companies integrate social and environmental concerns in their operations and interactions with stakeholders, beyond minimum legal requirements.

Taxes

Compulsory financial charges or levies imposed by a government on individuals, corporations, transactions, or property to fund public expenditures.

Taxing Entities

Taxing entities are government bodies or jurisdictions with the authority to impose taxes on individuals, property, income, or transactions within their domain.