A negotiable warehouse receipt, like the negotiable order bill of lading, requires that the original copy be presented to the warehouser before the goods will be surrendered to someone claiming them.

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A negotiable warehouse receipt acts as proof of ownership of goods stored in a warehouse. The original copy must be presented to the warehouse owner or operator before the goods can be released to the bearer of the receipt. This requirement ensures the security and authenticity of the transaction.

A Negotiable Warehouse Receipt, Like the Negotiable Order Bill of Lading