A bill of lading is:
a. the contract of carriage between the shipper and the carrier.
b. the document of title to the goods it describes.
c. the receipt for the goods from the carrier.
d. All of the above
d
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Parallelism makes reading ________________
a. easier b. more difficult c. faster d. more pleasurable
In a draft transaction, if the drawee is a bank, then the draft is referred to as a ________
A. promissory note B. check C. trade acceptance D. certificate of deposit
What is a convertible debt instrument?
a. A loan to a small business made by a bank that gets converted to a lower interest rate once the startup gets larger. b. A mechanism for early-stage investment where the investor is issued a note with an interest rate for the invested amount, convertible to stock at certain price per share upon Series A investment or other events as specified in the note. c. A debt instrument that converts to publically traded stock after one year. d. None of the above
Buyers that purchase dresses in Europe or calculators in Taiwan and have them shipped back to the United States for resale are engaging in
A. exporting. B. shipping. C. importing. D. expelling. E. dumping.