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TRUST RECEIPT

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1TRUST RECEIPT Empty TRUST RECEIPT Sun Sep 21, 2008 12:02 am

barrister

barrister
Reclusion Perpetua

a written/printed document signed and delivered by the entrustee in favor of the entruster, whereby the latter releases the goods, documents or instruments over which he holds
absolute title or a security interest to the possession of the former, upon the entrustee’s promise to hold said goods in trust for the entruster, and to sell or otherwise dispose of the goods, etc. with the obligation to turn over the proceeds thereof to the extent of what is owing to the entruster; or to return the goods if UNSOLD, or for other purposes.

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