As a receipt, the bill of lading indicates that the carrier
A) provides a written promise of payment before releasing the merchandise.
B) has obtained the merchandise described on the face of the document.
C) receives payment from a third-party such as a bank or trading house.
D) is obligated to provide a transportation service in return for a certain charge.

Question

Quizplus · Accepted Answer

A bill of lading serves three purposes: it is a receipt, a contract, and a document of title. As a receipt, it indicates that the carrier has received the merchandise described on the face of the document.

As a Receipt, the Bill of Lading Indicates That the Carrier