The absence of the words "to the order of" indicates which of the following, in a goods-in-bailment contract?
A) A negotiable document
B) A nonnegotiable document
C) A shipment contract
D) An origin contract
E) Nothing, there is no such thing as a goods-in-bailment contract

Question

Quizplus · Accepted Answer

The absence of the words "to the order of" in a document related to goods in bailment typically indicates that the document is nonnegotiable. This means it cannot be transferred to another party in the same manner as a negotiable document, which can be transferred and ensures the holder certain rights to the goods.

The Absence of the Words "To the Order Of" Indicates