Question

Differentiate the warehouse warrant from the warehouse receipt.

Distinguish between Warehouse Receipt and Warehouse Warrant.

Answer 1

Warehouse Warrant	Warehouse Receipt
It is a document of the title of goods.	It is not a document of the title of goods.
It can be negotiated or transferred to others.	It can not be transferred to others.
Delivery of goods effected by surrendering this warrant with endorsement.	Delivery is effected by surrendering this receipt with a letter from the depositor.
It also gives an authority to get delivery of goods by the owner or by a third party.	It is only the acknowledgment for the receipt of the goods.
It can be given collateral security for getting financial assistance.	It cannot be transferred to others.

Answer 2

1. A warehouse warrant is a document of ownership of goods, while a warehouse receipt is not a document of ownership of goods.
2. Ownership of goods can be transferred by endorsement and delivery of a warehouse warrant. This is not possible in the case of a warehouse receipt.