A bill of exchange is a document that acknowledges the receipt of goods and represents the basic contract between the shipper and the carrier.

Question

Quizplus · Accepted Answer

A bill of exchange is a financial document used in international trade that represents a written order from one party to another to pay a certain amount of money at a specified future date. It is not used to acknowledge the receipt of goods or represent a contract between the shipper and the carrier.

A Bill of Exchange Is a Document That Acknowledges the Receipt