Examlex
Which of the following is true of shipping goods via water transportation?
Contract
A legally binding agreement between two or more parties that outlines obligations and rights concerning specific terms.
Risk Of Loss
The liability or potential for losing value or possession of goods, often considered in transactions and agreements.
Simple Delivery Contract
A basic agreement where the delivery of a good or service completes the transaction without the need for further obligations from either party.
Possession
The state of having control over something or someone, legally indicating ownership or the right to use.
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