Canadian Farm Machinery Ltd. entered into a contract with High Seas Transportation, which set out the responsibilities of High Seas in delivering 100 tractors to Argentine Produce Inc. Argentine has not yet paid for the tractors. This document is called a bill of lading.

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A bill of lading is a legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being carried. It serves as a shipment receipt when the carrier delivers the goods at the predetermined destination. This scenario fits the description of a bill of lading, as it involves the transportation of goods (tractors) and outlines the responsibilities of the carrier (High Seas Transportation).