Which of the Following Refers to a Contract Between the Exporter

question 88

Multiple Choice

Which of the following refers to a contract between the exporter and shipper that specifies merchandise destination and shipping costs?

• A)sight draft
• B)bill of lading
• C)letter of credit
• D)bill of exchange

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Definitions:

Deed of Trust

A document used in real estate that secures a loan by transferring the legal title of a property to a trustee until the loan is paid off.

Warranty Deed

A document in real estate transactions that guarantees a property is free from liens or claims and assures the buyer of clear title.

Security Interest

A lien or legal claim on assets that have been offered as security to ensure the repayment of borrowed money.

Real Property

Land and anything permanently affixed to it, such as buildings and improvements; distinguished from personal property.