Prices Quoted CFR Apply Only at the Point of Origin

question 14

True/False

Prices quoted CFR apply only at the point of origin, and the seller agrees to place the goods at the disposal of the buyer at the specified place on the date or within the fixed period.

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Definitions:

Future Value

The value of an asset or cash at a specific date in the future that is equivalent in value to a specified sum today.

Precedent

A legal decision or form of proceeding serving as an authoritative rule or pattern in future similar or analogous cases.

Supreme Court

The highest federal court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional and federal law.

Senatorial Courtesy

A customary practice in the U.S. Senate where senators give deference to the opinions of their colleagues from the same state in matters of federal appointment within that state.