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ABC LtdEnters into a Contract on the Sale of a Filing

question 18

Essay

ABC Ltd.enters into a contract on the sale of a filing cabinet,which was located in their Halifax warehouse.If the filing cabinet was destroyed while being transported from Halifax to the purchaser's business premises in Moncton,who would bear the loss if the terms of the contract were:
(a)FOB Halifax
(b)COD
(c)CIF Moncton


Definitions:

Aged, Blind, Disabled

is a categorization used in social policy to refer to individuals who qualify for certain types of government assistance due to their age, visual impairment, or disabilities.

Supplemental Security Income

Supplemental Security Income is a United States government program that provides additional financial support to elderly, blind, or disabled individuals with limited income and resources.

Medicaid

A health care program in the United States that provides medical assistance to individuals and families with low income and resources, jointly funded by the state and federal governments.

Personal Responsibility

The concept of individuals taking accountability for their actions and welfare.

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