If Company a in New York and Company B in Chicago

question 48

True/False

If Company A in New York and Company B in Chicago sign a contract that states "FOB Chicago," it means the parties have agreed to a shipment contract and the title and risk of loss passes to Company B when they are placed in the carrier's possession in New York.So,for example,if the goods are destroyed in transit Company B bears the risk of loss.

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Definitions:

Relatively Weak Governor

A term describing a state governor who possesses limited powers compared to the legislative body or in comparison with governors in other states.

Prewar Elite

The social, economic, and political leaders or upper class existing before the onset of a war.

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Influential and affluent individuals or families in Pennsylvania, historically significant in shaping the economic, political, and social landscape.

Political Position

A stance or viewpoint adopted by an individual or party on an issue or set of issues in the context of politics.