A bill of lading serves as:
A) a receipt for storage of goods.
B) a document of title.
C) a warehouser's lien.
D) evidence of insurance on the goods covered by the document.

Question

Quizplus · Accepted Answer

A bill of lading is a legal document that serves as proof of ownership of goods being shipped, and it also serves as a document of title that can be traded or sold. It includes the details of the shipment, the names of the parties involved, and the terms of the contract between the shipper and carrier. It is not a receipt for storage of goods, a warehouser's lien, or evidence of insurance on the goods covered by the document.

A Bill of Lading Serves As