Examlex
Lazer Co. is a U.S. firm that exports computers to Belgium, invoiced in euros, and to Italy, invoiced in dollars. Additionally, Lazer Co. has a subsidiary in South Korea that produces computers and sells them there. Lazer also has competitors in different countries. Lazer Co. is subject to:
In Transit
Describes goods or people that are in the process of being transported from one location to another.
Carrier
An entity that provides transportation services for goods or individuals, typically referring to a company or a shipper operating under specific regulatory guidelines.
Lessor
A person or entity that leases property or equipment to another under the terms of a lease agreement.
UCC 2A-525(2)
A specific provision within the Uniform Commercial Code, addressing issues related to the leasing of goods and any resultant damages or remedies.
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