If a Contract Calls for the Goods to Be Shipped

question 2

Multiple Choice

If a contract calls for the goods to be shipped "F.A.S.the Peerless" it means that:

• A) The seller must place the goods on the Peerless and will bear the risk of loss until the goods reach their destination.
• B) The seller must place the goods alongside the Peerless and will bear the risk of loss until the goods are loaded onto the ship.
• C) The seller must place the goods alongside the Peerless and the risk of loss will shift when this is done.
• D) The seller must notify the operator of the Peerless as to the location of the goods,and the risk of loss will shift when they are picked up.
• E) The seller must notify the buyer so that the buyer can make arrangements to get the goods to the Peerless and the risk of loss will shift when the notification has been made.

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Definitions:

Individual Values

Personal or intrinsic beliefs and principles that guide an individual's behavior and decision-making processes.

Society

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Business Action

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Business Ethics Issue

A situation in business that involves challenges or problems requiring a choice that could be judged as right or wrong from an ethical standpoint.