Which of the following is a contract of carriage and a document of title?

Assessment: WAEC SSCE - Commerce - 1999 (Objective) Subject: Commerce

Question 1 Report

Which of the following is a contract of carriage and a document of title?
Answer Details
The correct answer is "Bill of lading". A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. It serves as both a contract of carriage and a document of title, meaning that it can be used to transfer ownership of the goods to a third party. This is important in international trade where the buyer may not be able to inspect the goods before they arrive and may need proof of ownership to take possession of them.
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Commerce (JAMB)
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