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Which of the following is NOT a credit instrument?

Commerce
JAMB 2024

Which of the following is NOT a credit instrument?

  • A. Bill of Exchange
  • B. Bank Notes
  • C. Cheques
  • D. Bill of Lading
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Correct Answer: Option D
Explanation

A bill of lading is a document issued by a carrier (such as a shipping company) to acknowledge the receipt of goods and provide evidence of the contract of carriage. It serves as a receipt for the goods being transported and contains information about the shipment, such as the type of goods, quantity, and destination. However, a bill of lading is not considered a credit instrument.


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