A bill of lading is best described as the?

Assessment: WAEC SSCE - Commerce - 1992 (Objective) Subject: Commerce

Question 1 Report

A bill of lading is best described as the?
Answer Details
A bill of lading is a legal document issued by a carrier to a shipper that acknowledges the receipt of goods for shipment. It serves as a receipt of cargo and a contract of carriage between the shipper and the carrier. In simple terms, it is a document that shows ownership of the goods on board a ship and provides details about the goods being transported, including the quantity, type, and destination. Therefore, the best description of a bill of lading is a "document of title to the goods on board a ship."
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Commerce (JAMB)
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