IGNOU IBO 5 2017 2018 - Bill of lading is a negotiable instrument in the commercial sense.

Question

Bill of lading is a negotiable instrument in the commercial sense.

29 Aug 2017

Answer :

Word Count : 279

The bill of lading lacks the most important and characteristic element of negotiability: it may not give to a transferee a better title than that possessed by the transferor. The question which logically arises is whether this means that the bill of lading is not a negotiable document. This is impossible to answer without an explanation of the character and functions

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