When the Pricing Term in a Contract Includes the Costs

question 60

True/False

When the pricing term in a contract includes the costs of the goods and the costs of the insurance and freight,the buyer bears the loss of risk during transportation.

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Definitions:

Section 1

A specific segment or provision within a broader legal document or statute, which would require context to fully understand its implications.

Exclusive Dealing

A contractual arrangement where one party agrees to buy goods from another party on the condition that no goods will be purchased from competitors.

Manufacturer's Sales

Transactions involving the sale of goods directly from the manufacturer to buyers, bypassing intermediary retailers or wholesalers.

Secure Source

A reliable and protected origin from which information, materials, or goods are obtained.