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GCE Commerce 1990 Question 83

Question 83

Foreign Trade Documents

Which of the following documents transfers title to goods?

  1. A.Bill of exchange
  2. B.Treasury bill
  3. C.Bill of lading
  4. D.Bill of sight
  5. E.Bill of sale
Show the answer and explanation

Answer: C (Bill of lading)

Explanation

The bill of lading is a document of title: whoever holds it can claim the goods.