The book Modern Banking Commercial And Credit Paper was written by author Frederick Silver Here you can read free online of Modern Banking Commercial And Credit Paper book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Modern Banking Commercial And Credit Paper a good or bad book?
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The lessee is then to issue warehouse receipts to the owner of the goods, which receipts are to be issued as security for drafts drawn against and accepted by a member bank. If the premises in question are actually turned over to the lessee under a bona fide lease, the lessee being independent of the borrower and having entire custody and control of the goods, there would seem to be no objection to a member bank accepting drafts against the security of warehouse receipts issued by such lessee. ...It should, how- ever, be expressly understood and agreed that the borrower shall not have access to the premises except with the permission of the lessee and that he shall exercise no control of any sort over the goods against which warehouse receipts are issued. The warehouse receipts must, of course, be in form to properly convey and secure title to the bank. Receipts of custodian of wool as a warehouse receipt. — Custodian's certificate or receipt, if issued in proper form to convey or secure title, 2C2 Bank and Trade Acceptances may be treated as a warehouse receipt and acceptance of member bank under such conditions would be eligible for rediscount.
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