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The concept and effect of warehouse receipts

by:CNS     2021-07-16
The concept and effect of warehouse receipt 2021-06-20 16:15:04 (1) The concept of warehouse receipt The warehouse receipt is issued by the custodian at the request of the depositor after receiving the warehousing, indicating that a certain amount of the warehousing has been delivered to the warehouse A security in custody. It means that a certain amount of goods has been delivered to the custodian by the depositor, and it is the legal proof that the holder of the warehouse receipt enjoys the ownership of the relevant storage items according to the warehouse receipt. The warehouse receipt is the proof of the existence of the warehousing contract, and it is also an integral part of the warehousing contract. (2) The validity of the warehouse receipt The rights and obligations recorded on the warehouse receipt are inseparable from the warehouse receipt. Therefore, the warehouse receipt has the following effects: One is the effect of receiving the warehoused goods. Once the custodian has issued the warehouse receipt, regardless of whether the warehouse receipt is held by the depositor, the holder can accept the warehoused goods with the warehouse receipt, and the custodian shall not raise objections to this; the second is the effect of transferring the ownership of the warehoused goods. The warehoused goods recorded on the warehouse receipt can be transferred as long as the depositor endorses the warehouse receipt and is signed or sealed by the custodian to withdraw the warehoused goods.
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