Bills of Lading Are Negotiable Instruments but Cannot Be Used

question 37

True/False

Bills of lading are negotiable instruments but cannot be used as collateral for an outstanding debt.

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Definitions:

Physical Weathering

The breakdown of rocks and minerals through direct contact with atmospheric conditions, such as temperature changes, water, ice, or biological activity, without chemical change.

Dissolution

The process by which a solid, liquid, or gas forms a solution in a solvent.

Joints

Natural fractures or separations in rocks without noticeable movement parallel to the surface of the fracture.

Uplifted

Raised or elevated geological formations, often due to tectonic movements.