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Which one of the following is not a document of title of goods ?
- a)Railway Receipt
- b)Wharfingers certificate
- c)Share certificate
- d)Multi modal transport document.
Correct answer is option 'C'. Can you explain this answer?
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Which one of the following is not a document of title of goods ?a)Rail...
Document of Title of Goods
Under Sec 2(4), "A document of title of goods is one used in the ordinary course of business as proof of the possession or control of goods. It authorises, either by endorsement or delivery, its possessor to transfer or receive goods represented by it."
The common documents of title to goods are:
• Bill of Lading: It is a document which acknowledges the receipt of goods on board a ship and it is signed by the captain of the ship or his duly authorised representative.
• Dock Warrant: It is a document given by the owner of the dock, giving details of the goods and certifying that the goods are held to the order of the per son named in it or the endorsee. It authorises the person holding it to receive possession of the goods.
• Wharfinger's Certificate: It is a document issued by a warehouse keeper stating that the goods specified in the document are in his warehouse
• Railway Receipt: It is a document issued by the Railway Company acknowledging receipt of goods. It is to be presented by the holder or consignee at the destination to take delivery of goods.
• Delivery Order: It is a document containing an order by the owner of the goods to the holder of the goods on his behalf, asking him to deliver the goods to the person named in the document.
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Which one of the following is not a document of title of goods ?a)Rail...
Document of Title of Goods
A document of title is a legal document that represents ownership of goods. It is used in the transfer of goods from one party to another. The following are the types of documents of title of goods:
1. Railway Receipt: It is a document of title issued by railway companies acknowledging receipt of goods for transportation.
2. Wharfingers Certificate: It is a document of title issued by the wharf owner or operator acknowledging receipt of goods for storage.
3. Multi Modal Transport Document: It is a document of title issued by a carrier or freight forwarder acknowledging receipt of goods for transportation. It covers the entire journey of the goods from the point of origin to the point of destination.
4. Share Certificate: It is not a document of title of goods, but a document that represents ownership in a company.
Answer
Option C, Share Certificate, is not a document of title of goods. It represents ownership in a company and does not represent ownership of goods. The other three options, Railway Receipt, Wharfingers Certificate, and Multi Modal Transport Document are all documents of title of goods.
A document of title is a legal document that represents ownership of goods. It is used in the transfer of goods from one party to another. The following are the types of documents of title of goods:
1. Railway Receipt: It is a document of title issued by railway companies acknowledging receipt of goods for transportation.
2. Wharfingers Certificate: It is a document of title issued by the wharf owner or operator acknowledging receipt of goods for storage.
3. Multi Modal Transport Document: It is a document of title issued by a carrier or freight forwarder acknowledging receipt of goods for transportation. It covers the entire journey of the goods from the point of origin to the point of destination.
4. Share Certificate: It is not a document of title of goods, but a document that represents ownership in a company.
Answer
Option C, Share Certificate, is not a document of title of goods. It represents ownership in a company and does not represent ownership of goods. The other three options, Railway Receipt, Wharfingers Certificate, and Multi Modal Transport Document are all documents of title of goods.
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Which one of the following is not a document of title of goods ?a)Railway Receiptb)Wharfingers certificatec)Share certificated)Multi modal transport document.Correct answer is option 'C'. Can you explain this answer?
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Which one of the following is not a document of title of goods ?a)Railway Receiptb)Wharfingers certificatec)Share certificated)Multi modal transport document.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which one of the following is not a document of title of goods ?a)Railway Receiptb)Wharfingers certificatec)Share certificated)Multi modal transport document.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following is not a document of title of goods ?a)Railway Receiptb)Wharfingers certificatec)Share certificated)Multi modal transport document.Correct answer is option 'C'. Can you explain this answer?.
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