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Which of the following is not a document of title to goods?
- a)Bill of lading
- b)Railway receipt
- c)Dock warrant
- d)Proforma Invoice
Correct answer is option 'D'. Can you explain this answer?
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Which of the following is not a document of title to goods?a)Bill of l...
Not a Document of Title to Goods: Proforma Invoice
A document of title to goods is a legal document that proves ownership of goods and allows for their transfer from one party to another. The following are common examples of documents of title to goods:
1. Bill of lading: A document issued by a carrier that acknowledges receipt of goods and specifies the terms of transportation.
2. Railway receipt: A document issued by a railway company that acknowledges receipt of goods and specifies the terms of transportation.
3. Dock warrant: A document issued by a warehouse operator that acknowledges receipt of goods and specifies their storage location.
However, a proforma invoice is not a document of title to goods. It is a document that outlines the details of a proposed transaction, including the products or services being sold, their prices, and the terms of payment. A proforma invoice is not a legal document and does not prove ownership or transfer of goods.
In conclusion, while a proforma invoice may be important for negotiating a sale, it is not a document of title to goods and does not provide legal proof of ownership or transfer.
A document of title to goods is a legal document that proves ownership of goods and allows for their transfer from one party to another. The following are common examples of documents of title to goods:
1. Bill of lading: A document issued by a carrier that acknowledges receipt of goods and specifies the terms of transportation.
2. Railway receipt: A document issued by a railway company that acknowledges receipt of goods and specifies the terms of transportation.
3. Dock warrant: A document issued by a warehouse operator that acknowledges receipt of goods and specifies their storage location.
However, a proforma invoice is not a document of title to goods. It is a document that outlines the details of a proposed transaction, including the products or services being sold, their prices, and the terms of payment. A proforma invoice is not a legal document and does not prove ownership or transfer of goods.
In conclusion, while a proforma invoice may be important for negotiating a sale, it is not a document of title to goods and does not provide legal proof of ownership or transfer.
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Which of the following is not a document of title to goods?a)Bill of l...
Because performa invoice contain details of good which sent for consignment,
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Which of the following is not a document of title to goods?a)Bill of ladingb)Railway receiptc)Dock warrantd)Proforma InvoiceCorrect answer is option 'D'. Can you explain this answer?
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