AccountingQueen

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Teaching Since: Jul 2017
Last Sign in: 268 Weeks Ago, 1 Day Ago
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  • MBA.Graduate Psychology,PHD in HRM
    Strayer,Phoniex,
    Feb-1999 - Mar-2006

  • MBA.Graduate Psychology,PHD in HRM
    Strayer,Phoniex,University of California
    Feb-1999 - Mar-2006

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  • PR Manager
    LSGH LLC
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Category > Business & Finance Posted 11 Sep 2017 My Price 5.00

"FOB Destination

A buyer owned a retail store in Baltimore, and the seller was a manufacturer in Los Angeles. The buyer orders goods to be sold at his store in Baltimore. The contract states that the goods are to be shipped "FOB Destination," Which of the following statements is true?

A. The seller bears the expense and risk of delivering the goods only to the carrier in Los Angeles.

B. Buyer and Seller equally share the risk of loss.

C. The terms of the insurance policy control as to whether the buyer or seller will be liable for any loss.

D. The buyer bears the risk of loss because he has the power to take possession of the goods.

E.The seller bears the expense and risk of delivering the goods to Baltimore.

Answers

AccountingQueen
(3)
Status NEW Posted 11 Sep 2017 07:09 AM My Price 5.00

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