Which of the Following Best Describes the Significance of Risk

question 4

Multiple Choice

Which of the following best describes the significance of risk of loss in a carrier case?

• A) It determines who will bear the loss for any problems that arise under the contract.
• B) It determines with certainty which party will pay if the goods are lost or damaged in transit.
• C) It determines whether the buyer or seller will pay if the goods are lost or damaged in transit,and other possible sources of recovery,such as insurance,do not cover the loss.
• D) It determines the terms of payment under the contract.

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Definitions:

Financial Account Entry

A record in the financial accounts that captures transactions like borrowing, lending, or investing.

Financial Account Deficit

A situation where the value of a country's imports of financial assets exceeds its exports over a given period.

Current Account Surplus

Occurs when a country's total exports of goods, services, and transfers exceed its total imports.

Financial Account Deficit

A situation where a country's financial outflows to other countries exceed the inflows from them.