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O-LevelCommerceGlobal trade7100/12 · Oct/Nov 2012 · Q251 Mark

What is meant by 'a bill of lading is a quasi-negotiable instrument'?

AGoods do not belong to any one person.
BGoods have been paid for and collected.
COwnership of the goods is transferable.
DThe importer has claimed the goods.

✓ Correct answer

C: Ownership of the goods is transferable.

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About this question

Topic
Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2012 Paper 1 Variant 2, question 25.

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