Morefield Custom Design sends 30 recliners by rail to Danville Furniture.To show where the goods will be shipped and who gets them when they arrive,Morefield will obtain ____,which can be used as collateral in a secured transaction.

Question

Quizplus · Accepted Answer

A bill of lading is a legal document that serves as proof of shipment and delivery of goods. It includes details about the goods being shipped, the names and addresses of the parties involved (such as the buyer and seller), and the destination of the goods. By obtaining a bill of lading, Morefield Custom Design can show where the recliners are being shipped and who will receive them upon arrival. This document can also be used as collateral for a secured transaction.

Morefield Custom Design Sends 30 Recliners by Rail to Danville