A ________ bill of lading can be bought, sold, or traded while goods are in transit and is used for letter-of-credit transactions:

Question

Quizplus · Accepted Answer

Negotiable bills of lading and shipper's order bills of lading can both be bought, sold, or traded while goods are in transit and are used in letter-of-credit transactions. These documents allow the transfer of ownership of the goods covered by the bill of lading.

A ________ Bill of Lading Can Be Bought, Sold, or Traded