Which of the Following Statements Is True of a Bill

question 45

Multiple Choice

Which of the following statements is true of a bill of lading?

• A) It is forwarded by a confirming bank to an issuing bank.
• B) It requires a buyer to pay a seller for goods prior to shipment.
• C) A buyer has to obtain the bill from an issuing bank in order to be paid by a confirming bank.
• D) It has to be provided by a buyer in order to request for a shipment of goods.
• E) A seller cannot ship his goods unless he has the bill.

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