If the Ownership of Merchandise Passes to the Buyer When

question 76

True/False

If the ownership of merchandise passes to the buyer when the seller delivers the merchandise for shipment, the terms are stated as FOB destination.

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Definitions:

Usable Form

A state or format of a substance that can be directly utilized by an organism or machine.

Transformed

In biology, refers to the process of changing a cell's characteristics through genetic modification or in cell culture. Outside biology, it can imply a comprehensive change in appearance or condition.

Specificity

The ability of a test or procedure to correctly distinguish those without a disease or condition from those who have it, often referred to in the context of diagnostic testing.

Preferred pH

The optimal acidity or alkalinity level at which an enzyme, organism, or biochemical process functions most efficiently.