Question

A bill of lading is a special type of sales invoice used when goods are shipped interstate.

A) True
B) False

Answer 1

A bill of lading is not a sales invoice but a legal document issued by a carrier to a shipper that serves as a shipment receipt and specifies the goods being transported.

Step-by-step explanation:

The statement that a bill of lading is a special type of sales invoice used when goods are shipped interstate is false. A bill of lading is actually a legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being carried. This document serves as a shipment receipt when the carrier delivers the goods at the predetermined destination. It is not a sales invoice, which is used to request payment for goods sold, but rather a key document used in the transportation of goods that proves the ownership and terms of the shipping agreement. Specifically in the context of maritime or shipping industry, cargo ships, which are one mode of transportation for shipping goods in the global economy, use bills of lading to ensure that goods are properly accounted for and reach their intended destination as per the agreement between the shipper and the carrier.

Answer 2

A bill of lading is a legal document used to acknowledge the receipt of goods and provide details about their transportation. It is commonly used when shipping goods interstate.So the correct option is A,True.

Step-by-step explanation:

A bill of lading is a legal document issued by a carrier to acknowledge the receipt of goods and to specify the terms and conditions of their transportation.

It serves as evidence of the contract of carriage and provides details about the goods being shipped, such as their description, quantity, and destination.

A bill of lading is typically used in various modes of transportation, including shipping goods interstate.

For example, when goods are being transported by a cargo ship from one state to another, the shipping company will issue a bill of lading to the shipper.

This document acts as a receipt for the goods, confirms their shipment, and outlines the responsibilities of both the shipper and the carrier.

So the correct option is A,True.