Explain how a bill of lading is used in a commercial ...

[olgavictoria]

Explain how a bill of lading is used in a commercial transaction.

Question 2

A shareholder proxy is:
 A) good until revoked.
 B) not subject to any securities laws.
 C) a transfer of a right to vote.
 D) None of the above

[paavo]

Answer to Question 1

The seller delivers the goods to a carrier for transportation and receives a bill of lading. The seller sends the bill of lading to the buyer's bank (through the seller's bank) to give the buyer's bank title to the goods. The buyer's bank deducts the cost of the goods from the buyer's account, or line of credit, and gives the buyer the bill of lading to get the goods when they arrive, and gives the seller the money.

Answer to Question 2

C

[olgavictoria]

Excellent

[kjohnson]

Great answer, keep it coming