A Bill of Lading Is

question 41

Multiple Choice

A bill of lading is:

• A) a document of title that is issued by a carrier-bailee to the bailor when goods are received for transportation.
• B) a bill issued by the bailor to the carrier-bailee when goods are delivered for transportation.
• C) a bill for shipping charges issued by the bailee.
• D) a bill for shipping charges issued by the bailor.
• E) a bill for any incidental expenses incurred in transporting the goods.

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Definitions:

Credit Period

The duration of time allowed by a seller to the buyer to pay for the goods or services received, without incurring any additional costs.