The bill of lading serves all of the following purposes except:
A)it is a receipt.
B)it is a bank note.
C)it is a contract.
D)it is a document of title.

Name: The bill of lading serves all of the following purposes except: A)it is a receipt. B)it is a bank note. C)it is a contract. D)it is a document of title.
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Question

Quizplus · Accepted Answer

The bill of lading is a multi-purpose document that serves as a receipt, a contract between the shipper and carrier, and a document of title. However, it is not a bank note.

The Bill of Lading Serves All of the Following Purposes