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Which one of the following is not true?
- a)document showing title is different from document of title.
- b)bill of lading is a document of title to goods.
- c)agreed upon at the time of the contract of Sale.
- d)none of the above.
Correct answer is 'D'. Can you explain this answer?
Most Upvoted Answer
Which one of the following is not true?a)document showing title is dif...
Document of Title and Title
The statement "document showing title is different from document of title" is not true. A document of title is a legal document that represents ownership of goods, while a document showing title is a legal document that represents ownership of property. These two concepts are not interchangeable.
Bill of Lading
A bill of lading is a document of title to goods. It is a legal document that represents ownership of the goods being shipped. The bill of lading serves as a receipt for the goods and provides evidence of the contract of carriage between the shipper and the carrier.
Agreement at the Time of Contract
Agreement at the time of the contract of sale is an essential element of a valid contract. The parties must agree on the terms of the sale, including the price, quantity, and delivery terms. This agreement can be in writing or verbal, but it must be clear and unequivocal.
Conclusion
In conclusion, the correct answer is D, none of the above. All of the statements are true except for the first one. It is important to understand the difference between a document showing title and a document of title, as well as the role of a bill of lading in a sale of goods transaction. Finally, agreement at the time of the contract of sale is a crucial element in any sale of goods transaction.
The statement "document showing title is different from document of title" is not true. A document of title is a legal document that represents ownership of goods, while a document showing title is a legal document that represents ownership of property. These two concepts are not interchangeable.
Bill of Lading
A bill of lading is a document of title to goods. It is a legal document that represents ownership of the goods being shipped. The bill of lading serves as a receipt for the goods and provides evidence of the contract of carriage between the shipper and the carrier.
Agreement at the Time of Contract
Agreement at the time of the contract of sale is an essential element of a valid contract. The parties must agree on the terms of the sale, including the price, quantity, and delivery terms. This agreement can be in writing or verbal, but it must be clear and unequivocal.
Conclusion
In conclusion, the correct answer is D, none of the above. All of the statements are true except for the first one. It is important to understand the difference between a document showing title and a document of title, as well as the role of a bill of lading in a sale of goods transaction. Finally, agreement at the time of the contract of sale is a crucial element in any sale of goods transaction.
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Which one of the following is not true?a)document showing title is different from document of title.b)bill of lading is a document of title to goods.c)agreed upon at the time of the contract of Sale.d)none of the above.Correct answer is 'D'. Can you explain this answer?
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