A legal document that provides title to the goods in storage and assures delivery to the holder of the receipt.

• A. Bill of lading
• B. Carrier
• C. Warehouse receipt
• D. Bailment

Answer: (C)

The concept being tested is a document that acts as a title to goods stored and promises delivery to the person who holds the document. A warehouse receipt serves this role. It is issued by a warehouse to acknowledge that goods are stored there and to transfer ownership or delivery rights to whoever holds the receipt (often negotiable and transferable by endorsement). This makes the holder the rightful possessor of the stored goods and entitled to have them delivered.

A bill of lading is related to goods in transit and functions as a receipt and contract of carriage from a carrier, not for stored goods. A carrier itself is the party providing transport, not a title document. Bailment refers to the legal relationship where goods are placed in another's custody, but it does not by itself convey title or guarantee delivery to a holder of a document.