In Any Type of Contract or Quotation,goods Stipulated as Ready

question 54

Multiple Choice

In any type of contract or quotation,goods stipulated as ready for delivery and clearly identifiable are

• A)FOB (free on board).
• B)CIF (cost,insurance,freight).
• C)ascertained goods.
• D)subject to the five rules of title transfer.
• E)COD (cash on delivery).

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Definitions:

Professional Negligence

The failure of a professional to perform their duties with the competence that their profession requires, resulting in harm or loss.

IRS

The Internal Revenue Service (IRS) is the U.S. government agency responsible for the collection of taxes and enforcement of tax laws.

Supermart

A large retail store, typically a supermarket or hypermarket, selling a wide variety of goods.

Professional Negligence

The failure of a professional to perform their responsibilities to the required standard of skill and care, leading to client harm or loss.