As a _____,A Bill of Lading Can Be Used to Obtain

question 103

Multiple Choice

As a _____,a bill of lading can be used to obtain payment or a written promise of payment before the merchandise is released to the importer.

• A)document of title
• B)contract
• C)receipt
• D)time draft

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Definitions:

Exclusive Right

A legal provision granting someone the sole authority to sell, produce, or use a particular product or service.

Product Name

The title given to a merchandise or service to distinguish it from other offerings.

Trademark

A distinguishable symbol, pattern, or phrase that differentiates the goods or services of a specific origin from those of other sources.

Oligopolists

Firms or individuals that dominate a particular market, leading to a market structure known as oligopoly, where a few entities control the majority of market share.