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WAEC Commerce 1995 Question 85

Question 85

Purchase and Sale of Goods

A document of title to goods which also serves as a contract between the seller and the shipping company is known as

  1. A.bill of lading
  2. B.bill of exchange
  3. C.ship's manifest
  4. D.bill of entry
  5. E.letter of hypothecation
Show the answer and explanation

Answer: A (bill of lading)

Explanation

A bill of lading is a receipt, a contract of carriage and a document of title.