In a Destination Contract, When Is the Title to the Goods

question 5

Multiple Choice

In a destination contract, when is the title to the goods considered to have passed to the buyer?

• A) when the buyer specifies a specific destination in the sales contract
• B) when the seller tenders delivery of the goods at the specified destination
• C) when the seller makes the shipping arrangements
• D) when the seller hands over the goods to the common carrier

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Definitions:

Total Assets

The sum of all assets owned by a company, including both current and non-current assets.

Total Liabilities

The sum of all financial obligations and debts owed by a company to external entities or individuals.

Total Assets

The cumulative value of all resources owned by a company, including cash, inventory, property, and equipment.