Lickbarrow v Mason (1794) established that the transfer of a bill of lading passes property in goods to the holder. It affirmed the principle that possession of such a negotiable instrument can transfer ownership, therefore developing the rights of buyers and sellers in maritime commerce.
Bills of Lading as Personal Property: The case ascertained the principle that a bill of lading is not merely a receipt for goods but serves as a document that transfers property in goods to the holder, provided they are a bona fide purchaser.
