Asked by Prince Osman on Jun 18, 2024
Verified
A straight bill of lading:
A) is used when the goods have been paid for in advance of shipment and requires delivery.
B) is a negotiable instrument that can be used when goods are purchased on credit.
C) is used to indicate that cargo was loaded onto a named vessel in good condition.
D) is used when the goods have been paid for in advance of shipment and requires delivery,and is a negotiable instrument that can be used when goods are purchased on credit.
E) is a negotiable instrument that can be used when goods are purchased on credit and is used to indicate that cargo was loaded onto a named vessel in good condition.
Straight Bill Of Lading
A document issued by a carrier that specifies the goods being transported are to be delivered to the specified party, without endorsement.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
- Comprehend the crucial role of the FOB point in evaluating costs, legal title, and responsibility for claims.
Verified Answer
CP
cielo pantojaJun 20, 2024
Final Answer :
A
Explanation :
A straight bill of lading is a non-negotiable document used when the goods have been paid for in advance of shipment and requires delivery to a specific consignee.
Learning Objectives
- Comprehend the crucial role of the FOB point in evaluating costs, legal title, and responsibility for claims.
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