Under a field warehouse financing agreement: a. collateral inventories are physi

Question

Under a field warehouse financing agreement:
a. collateral inventories are physically separated from otherinventories of the borrower b. collateral inventories are placed under the control of athird party c. a warehouse receipt is issued which may or may not benegotiable d. all of the above Under a field warehouse financing agreement:
a. collateral inventories are physically separated from otherinventories of the borrower b. collateral inventories are placed under the control of athird party c. a warehouse receipt is issued which may or may not benegotiable d. all of the above

Explanation / Answer

      Inventories which arecollaterized (or) collateral inventories are physically separatedfrom the firm's other inventories and placed under the control of athird parity.       Under a field warehousefinancing agreement a warehouse receipt is a document of title andmay be issued in negotiable or non-negotiable form. Thus, Answer is Option (d) All of theAbove

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