Laraby,a representative for Merchandise Shipping Company,delivers a bill of lading to Caitlin,the owner of Dockside Warehouse.A bill of lading is
A)an invoice for payment for loading and carting verified by a seller.
B)an order to ship goods signed by a buyer.
C)a receipt for goods signed by a carrier.
D)a receipt issued by a warehouser for goods in a warehouse.

Question

Quizplus · Accepted Answer

A bill of lading is a document that serves as a receipt signed by a carrier (such as a shipping company) acknowledging that they have taken possession of goods for shipment. It also serves as a contract between the shipper and the carrier, outlining the terms and conditions of the shipment. Option A is incorrect because it refers to an invoice for loading and carting services, which is a separate document. Option B is incorrect because it refers to an order to ship goods, which would be initiated by the shipper or buyer, not the carrier. Option D is incorrect because it refers to a receipt issued by a warehouse for goods already in storage, not for goods being shipped.

Laraby,a Representative for Merchandise Shipping Company,delivers a Bill of Lading