WAEC Commerce 2015 Question 49

Question 49

Foreign Trade Documents

Which of the following is a document of title to goods?

  1. A.Bill of exchange
  2. B.Bill of entry
  3. C.Letter of hypothecation
  4. D.Bill of lading.
Show the answer and explanation

Answer: D (Bill of lading.)

Explanation

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