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Category > Accounting Posted 26 Apr 2017 My Price 2.00

Parco’s warehouse

On May 2, Lace Corp., an appliance wholesaler, offered to sell appliances worth $3,000 to Parco, Inc., a household appliances retailer. The offer was signed by Lace’s president, and provided that it would not be withdrawn before June 1. It also included the shipping terms: “FOB Parco’s warehouse.” On May 29, Parco mailed an acceptance of Lace’s offer. Lace received the acceptance June 2.

If Lace inadvertently ships the wrong appliances to Parco and Parco rejects them two days after receipt, title to the goods will

  1. Pass to Parco when they are identified to the contract.
  2. Pass to Parco when they are shipped.
  3. Remain with Parco until the goods are returned 

Answers

Alpha Geek
(8)
Status NEW Posted 26 Apr 2017 07:04 AM My Price 2.00

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Attachments

file 1493192890-Parcos warehouse.xlsx preview (206 words )
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