Which of the following conditions makes a bill of lading non-negotiable?

A bill of lading serves as a receipt for goods, a document of title, and a contract for the transportation of goods. When a bill of lading is made non-negotiable, it typically means that it can only be transferred to a specific person rather than being freely transferable to others.

In this scenario, if the bill of lading must be delivered to a named individual only, it is clearly defined as non-negotiable. This restriction implies that only the person named on the bill has the right to take possession of the goods. This requirement limits the transferability of the document since it cannot be endorsed to another party.

The other choices do not necessarily indicate that a bill of lading is non-negotiable. A bill of lading can still contain endorsement provisions or be accompanied by a contract while being non-negotiable based on specific terms of delivery. Similarly, being issued for delivery to a specific location does not in and of itself prevent the document from being negotiable; it’s the named individual stipulation that directly affects its negotiability.