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A document which entitles its holder to the god... - JAMB Commerce 2019 Question

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

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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