Which of the following are true of a bill of lading?

i. it is a means of payment in foreign trade.

ii. it is document of title to goods.

iii. it is a contract of carriage.

iv. it is usually drawn in triplicate.

A. i and iii only
B. i, ii and iii only
C. ii and iii only
D. ii and iv only
E. ii, iii and iv only

Correct Answer:

Option E – ii, iii and iv only