Bills of lading are negotiable instruments but cannot be used as collateral for an outstanding debt.
Correct Answer:
Verified
Q11: A clean bill of lading does not
Q12: A seller who quotes on open account
Q13: Negotiable instruments are unconditional promises to pay.
Q14: Most buyers in an international sale are
Q15: Another term in lieu for a negotiable
Q17: Inspection certificates are often used to assure
Q18: The documentary letter of credit transaction serves
Q19: International commercial terms are used in all
Q20: Negotiable bill of lading is proof of
Q21: The difference between terms "CFR" and "CIF"
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents