With a bill of lading,Interstate Transport Company acknowledges possession of certain goods and contracts to deliver them.Interstate Transport is
A)a bailee.
B)a buyer in the ordinary course of business.
C)a good faith purchaser for value.
D)an F.O.B.

Question

Quizplus · Accepted Answer

Interstate Transport Company is acknowledging the possession of goods and undertaking a contract to deliver them. This makes them a bailee, as they have temporary possession of the goods but do not have ownership.

With a Bill of Lading,Interstate Transport Company Acknowledges Possession of Certain