Author Question: What are the purposes of a bill of lading? Give examples of the types of clauses which might be ... (Read 125 times)

madam-professor · **on:** Jun 24, 2018

What are the purposes of a bill of lading? Give examples of the types of clauses which might be included.

Question 2

Sales of goods transactions are subject to a statute of limitations period of:
A) one (1 ) year.
B) two (2 ) years.
C) three (3 ) years.
D) four (4 ) years.

Liamb2179 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

A bill of lading is the receipt and contract between the carrier and the consignor. Items frequently found on a bill of lading include:
1. Identification of the consignor, consignee, goods being shipped, place of shipment and delivery.

2. Limitations on the carrier's liability to a specified sum or specified percentage of value of the goods being shipped.

3. Exemptions from liability due to specified hazards or to special nature of the goods.

Answer to Question 2

D