Trust Receipt for Withdrawal of Collaterals

Loan of................ New York,.........................

Received from Guaranty Trust Co. of New York, the following property held by the Guaranty Trust Co. of New York, as collateral security:

......................................................................................................................

.....................................................................................................................

.....................................................................................................................

.....................................................................................................................

and in consideration thereof we/I hereby agree, acting as agents for the Guaranty Trust Co. of New York, in this matter, to hold said property in trust, for the following purposes only, viz:

.....................................................................................................................

.....................................................................................................................

.....................................................................................................................

with the understanding that we/ I will hand the...................

....................................................................................................................

as soon as received to the Guaranty Trust Co, of New York, the intention of this agreement being to protect and preserve unimpaired the lien of the Guaranty Trust Co. of New York, on said property.

...............................................

The "Trust Receipt for Withdrawal of Collaterals" illustrated at the left, upon its being signed and returned to the bank, passes possession or right to possession of the goods, to the signatory, the latter at the same time recognizing the lien of the bank on said property.

Bailee Receipt

Received from the Guaranty Trust Company Of New York solely for the purpose of selling same for account of said Company:

...........................................................................................................................

.............................................................................................................................

marked and numbered...........................................

and.............hereby undertake to sell the property herein specified, for account of the said Company, and collect the proceeds of the sale or sales thereof, and deliver the same immediately on receipt thereof to the said Company, to be applied to the credit of..........

............................................................................................................................

hereby acknowledging........................to be Bailee of the said property for the said Company, and ........................

do hereby assign and transfer to the said Company the accounts of the purchaser or purchasers of said property to the extent of the purchase price thereof, of which fact notice shall be given at the time of delivery of the said property by................to such purchaser or purchasers and all invoices therefor shall have imprinted, written or stamped thereon by........................ the following:

"Transferred and payable to Guaranty Trust Company Of New York, 140 Broadway, New York."

If the said property is not sold and the proceeds so deposited within ten days from this date,................undertake to return all documents at once on demand, or to pay the value of the goods, at the Company's option.

The said goods while in my/our hands shall be fully insured against loss by fire.

The terms of this receipt and agreement shall continue and apply to the merchandise above referred to whether or not control of the same, or any part thereof, be at any time restored to the Guaranty Trust Company of New York, and subsequently delivered to us.

Dated at New York City,....................19...........

.........................................

Bailee Receipt

This form of receipt is very specific as to the terms and conditions under which possession of merchandise is obtained.

Trade Acceptance Register

Sheet No._______

Memorandum Record for Drawer or Acceptor

_______________________19____

Form of Record Book for Acceptances, Drafts, Bills, Notes, etc.

The Trade Acceptance accompanies the invoice and is sent to the purchaser, who accepts same. At the time it is sent to such purchaser a record is taken of the sale by a proper entry in the sales book, as in the "open account method." The acceptance when returned to the seller is then entered in the "acceptance register" from where it may be posted to the ledger to offset the outstanding indebtedness of the customer. Some firms treat the acceptance as an entire cancellation of the debt; others merely as a matter of record.