Bluenose Inc, a company based in Halifax, entered into a contract with Pampas Ltd, an Argentinian company. Bluenose agreed to deliver a container of domestic beer to Buenos Aires in Argentina. Bluenose shipped the container under an order bill of lading which names Bluenose. That means that
A) Pampas is named on the bill of lading.
B) Pampas gained ownership of the beer as soon as it was placed aboard the ship.
C) if Bluenose later endorses the bill of lading, that document, like all negotiable instruments, can then be transferred free of the equities.
D) Bluenose must already have received payment from Pampas.
E) Pampas will receive ownership of the goods when the bill of lading is endorsed by Bluenose and delivered to Pampas.
Correct Answer:
Verified
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