Susan Orders a Great Computer from an Out-Of-State Company

question 114

Essay

Susan orders a great computer from an out-of-state company.The terms of the contract provide F.O.B.place of destination.The seller ships the computer to Susan.Unfortunately,it never arrives.Between Susan and the seller,who is responsible for loss?

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Definitions:

Financial Condition

An assessment of an entity's ability to meet its financial commitments, based on its assets, liabilities, and equity positions at a given time.

Corporation

A legal entity that is separate and distinct from its owners, which can own assets, incur liabilities, and be sued or sue.

Advantages

Advantages are benefits or favorable factors that contribute to the success and competitiveness of a business or strategy.

Disadvantages

The negative or less favorable aspects of a situation, decision, or item.