The fundamental distinctions between warehouse receipts and specific commercial documents

Commercial documents have their own unique features due to their various functions. The warehouse bill is included in the general concept of commercial documents. What are the fundamental differences between the above-mentioned document and commercial documents, in particular, is an issue that has been addressed in this article using the analytical-descriptive method. Specific Commercial documents include bills of exchange, promissory notes and cheque, which have some similarities with warehouse receipts in terms of efficiency and temporary characteristic. Endorsement, joint responsibility of the payers is among these features. In addition, one of the most important fundamental differences between this document and other commercial documents is in the stage of creating the document. The warehouse bill submitted to the owners of the goods in a special and printed form. The most obvious difference between a bill of exchange, promissory note and cheque with a general warehouse bill is the demanding, which means that in case of non-acceptance of the bill of exchange (default) by the promissory note or non-payment of the amount stated in the bill of exchange by the accepting promissory note, a default protest or non-payment protest will be set up, and there are many advantages in organizing this protest. Another fundamental difference in criminal prosecution is the issuer of the cheque, which is not present in the warehouse bill.