If the Terms of Contract Specify Free on Board (FOB)

question 36

Short Answer

If the terms of contract specify free on board (FOB) destination, which is responsible if any damage occurs while the item purchases is being transported?

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Definitions:

Checkable Deposits

Bank accounts that allow the account holder to write checks or use debit cards to make payments directly from the account.

New Reserves

Resources or assets that have been newly discovered or identified, often referring to natural resources like oil, gas, or minerals that can be economically extracted.

Reserve Requirement Ratio

The fraction of deposits that banks must hold in reserve and not lend out, as mandated by the central bank.

Checkable Deposits

Bank account balances that can be withdrawn on demand using checks or electronic payment methods without any advance notice.