Which term refers to the document that serves as evidence of ownership of the goods, i.e., the certificate of title?

Which term refers to the document that serves as evidence of ownership of the goods, i.e., the certificate of title?

• A. Recit of goods
• B. Certificate of Title
• C. Bill of Lading
• D. Permit

Answer: (B)

The main concept here is identifying the document that proves who owns the goods. The certificate of title is the official record that establishes ownership, issued by the appropriate government authority. It names the owner and can note any liens or encumbrances, providing a definitive basis for transferring ownership or asserting rights in case of disputes. A bill of lading, while important in shipping, functions primarily as a receipt and contract with the carrier and can sometimes be used as a document of title in transit, but it does not by itself prove ownership in the formal sense of a title document. Permits authorize movement or activity but do not certify ownership.

The main concept here is identifying the document that proves who owns the goods. The certificate of title is the official record that establishes ownership, issued by the appropriate government authority. It names the owner and can note any liens or encumbrances, providing a definitive basis for transferring ownership or asserting rights in case of disputes. A bill of lading, while important in shipping, functions primarily as a receipt and contract with the carrier and can sometimes be used as a document of title in transit, but it does not by itself prove ownership in the formal sense of a title document. Permits authorize movement or activity but do not certify ownership.