Examlex
One of the principal functions of a bill of lading is to act as evidence of title to the goods being carried. This allows for considerable ease in transferring ownership of the goods during transit.
Reasonable Examination
An appropriate level of scrutiny or inspection applied in a specific context, such as reviewing a document or evaluating a property, to ensure that relevant standards or obligations are met.
Impairment Of Collateral
A decrease in the value or usability of property or assets that have been pledged as security for a loan, potentially affecting the secured party's interest.
Discharge
The completion, termination, or fulfillment of a legal obligation, duty, or contract.
Negotiable Instrument
A written promise or order to pay a specific sum of money that is transferable from one person to another.
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