Question on: JAMB Commerce - 2019
A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________
A
Debit note
B
Credit note
C
Warrant
D
Shipping note
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Correct Option: C
A warrant allows the goods to be released when duties have been paid and the authority concerned issue out warehouse warrant for it. Warrants are a derivative that give the right, but not the obligation, to buy or sell a security—most commonly an equity—at a certain price before expiration. More
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