Question

Which of the following documents indicates the seller's ownership of the goods in a goods-in-bailment contract?

1) Bill of Sale
2) Invoice
3) Delivery Note
4) Purchase Order

Answer 1

The Bill of Sale indicates the seller's ownership of the goods in a goods-in-bailment contract. It provides proof of ownership of the goods and includes details such as the buyer and seller's names, description of the goods, purchase price, and date of sale.

Step-by-step explanation:

The document that indicates the seller's ownership of the goods in a goods-in-bailment contract is the Bill of Sale. A Bill of Sale is a legal document that records the sale of goods or transfer of ownership from the seller to the buyer. It provides proof of ownership of the goods and includes details such as the buyer and seller's names, description of the goods, purchase price, and date of sale.

The Bill of Sale indicates the seller's ownership of the goods in a goods-in-bailment contract. It provides proof of ownership of the goods and includes details such as the buyer and seller's names, description of the goods, purchase price, and date of sale.