When a bill of lading is used to obtain payment or a written promise of payment before the merchandise is released to the importer, it serves as a
A) document of title.
B) contract.
C) receipt.
D) time draft.
E) collateral.

Question

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The Answer of When a bill of lading is used to obtain payment or a written promise of payment before the merchandise is released to the importer, it serves as a
A) document of title.
B) contract.
C) receipt.
D) time draft.
E) collateral.

When a Bill of Lading Is Used to Obtain Payment