Rich Maes Contracts to Deliver Bison Meats to David in Spain

question 62

Multiple Choice

Rich Maes contracts to deliver bison meats to David in Spain on a destination international commercial term.However,while five (5) days out in the Atlantic Ocean,the ship carrying the bison meats sinks due to extreme storm.Under the destination designation the risk of loss is with:

• A) seller
• B) buyer
• C) carrier
• D) ship manufacturer

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Definitions:

Duty

A moral or legal obligation; a responsibility or task that one is required or expected to perform.

Operation Of Law

Changes in legal rights or obligations that occur automatically due to pre-defined legal principles or statutes, without the need for action by the parties involved.

Lear Jet

A brand of private jets, known for luxury and speed, often used by corporations and wealthy individuals.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including information about consumers' needs and preferences.