Kip, a Representative for Little Shipping Company, Delivers a Bill

question 8

Multiple Choice

Kip, a representative for Little Shipping Company, delivers a bill of lading to Meg, the owner of Normal Warehouse. A bill of lading is

• A) an invoice for payment for loading and carting.
• B) an order to ship goods by carrier to a certain destination.
• C) a receipt for goods signed by a carrier.
• D) a receipt issued by a warehouser for goods in a warehouse.

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Definitions:

Donee Beneficiary

A third party who benefits from a contract made between two other parties.

Incidental Beneficiary

A third party who benefits from a contract between two other parties, despite not being a party to that contract and having no rights to enforce the terms of the contract.

Intended Beneficiary

A person or entity that is not a party to a contract but stands to benefit from the contract's performance.

Obligor

A contractual party who agrees to do something for the other party.