Question

Distinguish between a public and a private warehouse.

Answer 1

Answer:

(i)A public warehouse is located at entry point while a private warehouse is located near the premises of owner. (ii) A public warehouse is large in size while a private warehouse is small in size.

Answer 2

(i) For a public warehouse, insurance is mandatory while for a while a private warehouse, insurance is optional.

(ii) A public warehouse is operated as an independent business while a private warehouse is operated as a department of main business.

(iii) A public warehouse is located at entry point while a private warehouse is located near the premises of owner.

(iv) A public warehouse is large in size while a private warehouse is small in size.

(v) A public warehouse is for hire to members of public while a private warehouse is for exclusive use of owner.