Transportation Operations LINCS Practice Exam

Under the Uniform Commercial Code, which document serves as a receipt for goods?

1. Invoice

2. Bill of lading

3. Waybill

4. Freight list

The correct answer is: Bill of lading

The bill of lading is a critical document under the Uniform Commercial Code (UCC) that serves as a receipt for goods. It is issued by a carrier to acknowledge receipt of the cargo for shipment. The bill of lading outlines the type of goods being transported, as well as their condition at the time of loading. This document not only acts as proof that the shipment has been accepted by the carrier but also serves as a contract between the shipper and the carrier. With its legal significance, the bill of lading plays an essential role in facilitating the transportation of goods and helps in resolving disputes that may arise regarding the shipment. In contrast, an invoice is primarily a request for payment and does not necessarily confirm receipt of goods. The waybill, while it can accompany goods during transportation, typically lacks some of the legal weight and specific details associated with a bill of lading. A freight list, on the other hand, is more focused on enumerating the items being shipped but does not serve as a formal acknowledgment of receipt. Thus, the bill of lading clearly stands out as the correct answer in this context.