The Rights of a Transferee of a Negotiable Bill of Lading

question 12

True/False

The rights of a transferee of a negotiable bill of lading are defeated if the goods have been stopped in transit.

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Definitions:

Disbursements

Cash or fund outflows from a company for expenses, investments, and other financial activities.

EFT

Electronic Funds Transfer, a system of transferring money from one bank account directly to another without any paper money changing hands.

Remittance Advice

A document sent by a customer to a seller, informing the seller that an invoice has been paid, typically accompanying a payment.

Credit Memo

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under the terms of an earlier invoice.