A Transferor Makes Certain Implied Warranties to the Transferee When

question 29

Multiple Choice

A transferor makes certain implied warranties to the transferee when a bill of lading is transferred.These warranties are:

• A) that the bill of lading is genuine.
• B) that the transfer is rightful.
• C) that the transferor has no knowledge of any defects.
• D) all of the above.

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Definitions:

Forward Integration

A business strategy where a company extends its operations by moving forward in the supply chain, acquiring or controlling the distribution centers or retailers.

Manufacturing Operation

A manufacturing operation involves the processes and activities related to the production of goods, typically on a large scale, incorporating human labor, machinery, and technology.

Strategic Channel Alliance

A collaboration between two or more organizations to use each other's distribution channels to sell their products, thereby extending their market reach.

Backward Integration

Backward Integration is a business strategy where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain, often involving the acquisition of or merger with these businesses.