Bills of Lading as Bank Security (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Bills of Lading as Bank Security

The earliest form of bill of lading had no value as a credit instrument, and was not even regarded as commercial paper. It was Limply a receipt given to the shipper by the carrier as evidence that he goods had been received, and as evidence of a contract to deliver I hem in good condition at their destination. The bill did not indi~ ate ownership of the goods represented. Very early, however, mer.

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