Examlex
Which one of the following might a job-order cost system most likely attempt to calculate?
Tender Of Delivery
A requirement that a seller/lessor have and hold conforming goods at the disposal of the buyer/lessee and give the buyer/lessee reasonable notification to enable him or her to take delivery.
Risk Of Loss
A provision in contracts determining who bears the risk for damage to goods after purchase but before delivery.
Indemnification
A financial agreement in which one party agrees to cover the losses or damages incurred by another.
Entrustment
The transfer of goods to a merchant who ordinarily deals in that type of goods. If the merchant subsequently sells them to a good-faith third-party purchaser, the buyer acquires good title to the goods.
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