Which of the Following Is True for the Shipping Term

question 8

Multiple Choice

Which of the following is true for the shipping term free on board point of shipment?

• A)It requires the seller to bear the expense and risk of loss until the goods are tendered to the buyer at the place of destination.
• B)It refers to a pricing term that includes the cost of the goods, and the costs of insurance, and freight.
• C)It requires the seller to bear the expense and risk of loss of the goods until delivery has been tendered.
• D)The buyer bears the shipping expense and risk of loss while the goods are in transit.

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Definitions:

Articles of Confederation

The first written constitution of the United States, in effect from 1781 to 1789, before being replaced by the current U.S. Constitution due to its weaknesses.

New System

The introduction or implementation of a different method, structure, or arrangement in a particular context or organization.

Structures of Governments

The organizational framework that dictates how a government is run, including its branches, functions, and distribution of power.

U.S. Constitution

The foundational legal document of the United States, establishing the framework of the federal government, its powers, and the rights of citizens.