Asked by Brady Kelly on May 21, 2024
Verified
All bills of lading are negotiable and may be transferred like a check.
Bills of Lading
Official documents issued by a carrier to acknowledge receipt of cargo for shipment, detailing the terms of the carriage.
Negotiable
Capable of being bought, sold, or transferred to another party through endorsement or delivery.
- Understand the purpose and features of documents of title like warehouse receipts and bills of lading.
Verified Answer
AB
Aldrouine BrenelusMay 26, 2024
Final Answer :
False
Explanation :
Not all bills of lading are negotiable. Only a negotiable bill of lading can be transferred in a manner similar to a check, allowing the transfer of goods to another party by endorsing the document. Non-negotiable bills of lading do not allow for such transfers.
Learning Objectives
- Understand the purpose and features of documents of title like warehouse receipts and bills of lading.