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:

Fiscal Stress

A situation in which a government struggles to meet its financial commitments or to balance its budget.

Credit Worthiness

An assessment of a borrower's ability to repay debts based on their financial history, credit score, and other factors.

Abnormal Earnings

Profits exceeding or falling short of the normal expected earnings due to unusual or non-recurring items, not indicative of a company's ongoing operational performance.

Actual Earnings

Actual earnings are the real profits that a company generates during a specific period, as reported in its financial statements.