Asked by lizzy rybarczyk on Jul 27, 2024
Verified
The most frequently used documents of title are the warehouse receipts issued by warehousers and the bills of lading issued by carriers.
Documents of Title
Legal documents that provide proof of ownership of property, including titles for vehicles or deeds for real estate.
Warehouse Receipts
Documents issued by warehouse operators certifying the possession and storage of specified goods.
Bills of Lading
Official documents issued by a carrier to acknowledge the receipt of cargo for shipment.
- Recognize the role and characteristics of documents of title, such as warehouse receipts and bills of lading.
Verified Answer
ZK
Zybrea KnightAug 02, 2024
Final Answer :
True
Explanation :
Warehouse receipts and bills of lading are the most commonly used documents of title because they represent the ownership and the right to take possession of goods stored in a warehouse or being transported, respectively.
Learning Objectives
- Recognize the role and characteristics of documents of title, such as warehouse receipts and bills of lading.