Lotus Inc of Vancouver contracts with Haw Wing On Co of Hong Kong for the purchase of Asian food products that it wants to resell to retailers in the Lower Mainland of British Columbia. The sales contract between the two entities specifies that the carrier of the goods shall issue a straight bill of lading in favour of Lotus Inc. Use of the term "straight bill of lading" indicates
A) that the bill of lading will require the endorsement of several parties before the goods can be delivered to the buyer, and do not become the property of the buyer until they reach that person.
B) that the bill of lading will have to be delivered "straight" to the shipper in order to tell them where the goods are to be taken.
C) that the bill of lading must be "straight," that is, made to correspond with the other shipping documents including the inspection certificate, certificate of origin, commercial invoice, and insurance certificate.
D) that the goods can only be delivered to the named buyer and no one else. In this case, the buyer normally becomes the owner of the goods as soon as they are shipped.
E) that the goods can only be delivered to the seller and no one else, principally for onward shipment.
Correct Answer:
Verified
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