Rifah Co Is Exporting Dates, Nuts, and Other Dried Goods

question 36

Multiple Choice

Rifah Co is exporting dates, nuts, and other dried goods from Lebanon to Sam's Importing in Halifax. Rifah insists that the shipping term in its sales contract is "FOB (INCOTERMS 2000) Ship "X" Beirut." This means that Rifah Co is responsible for

• A) putting the goods on board Ship "X" in Beirut harbour, but risk of loss do not pass to the buyer until the goods reach Halifax.
• B) putting the goods on board Ship "X" in Beirut harbour, where risk of loss passes to the buyer.
• C) ensuring that the price of the goods does not fluctuate and that the goods arrive in appropriate condition.
• D) making the goods available to Sam's Importing at its warehouse in Halifax, where risk of loss and ownership pass to the buyer.
• E) making the goods available to Sam's Importing at Rifah's warehouse premises in the suburbs of Beirut, where risk of loss and ownership pass to the buyer.

Explore the role of foreign policy speeches in shaping public opinion and policy direction.

Understand the market dynamics of loanable funds, including factors affecting interest rates.

Grasp the time-value of money concept and its implications.

Identify the sources and uses of loanable funds in the economy.

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Definitions:

Dermis

The thick layer of tissue below the epidermis in mammalian skin, containing blood capillaries, nerve endings, sweat glands, and hair follicles.

Dilate

To enlarge, expand in size; to increase the size of an opening.

Vessels

Hollow containers, especially those used to hold liquid, or large ships or boats.

Transdermal

Relating to or denoting a method of administering medication through the skin, typically via a patch, for systemic distribution.