The Terminal Warehouse Agreement Differs from the Field Warehouse Agreement

question 69

Multiple Choice

The terminal warehouse agreement differs from the field warehouse agreement in that

• A) the cost of the terminal warehouse agreement is lower due to the lower degree of risk.
• B) the borrower of the field warehouse agreement can sell the collateral without the consent of the lender.
• C) the warehouse procedure differs for both agreements.
• D) the terminal agreement transports the collateral to a public warehouse.

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Definitions:

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