In a Carrier Case,what Is Most Important in Determining When

question 8

Multiple Choice

In a carrier case,what is most important in determining when risk of loss passes from the seller to the buyer?

• A) the contract's shipping terms
• B) the buyer's insurance policy terms
• C) the seller's insurance policy terms
• D) when title passes
• E) the price of the goods

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Definitions:

Self-Serving Bias

Self-serving bias is a cognitive bias that leads individuals to attribute their successes to personal qualities and their failures to external factors, protecting self-esteem.

Distinctiveness

The quality of being easily distinguished or set apart from others due to unique attributes or characteristics.

Consistency

The quality of being uniform, stable, and free from contradiction over time.

Consensus

A form of collective agreement where all members of a group support a decision even if it may not be their first choice, ensuring that everyone's opinion is considered.