If Goods in Transit Are Shipped FOB Shipping Point by a Carrier

question 114

Multiple Choice

If goods in transit are shipped FOB shipping point by a carrier named by the buyer,

• A) the seller has legal title to the goods until they are delivered.
• B) the buyer has legal title to the goods when a public carrier accepts the goods from the seller.
• C) the transportation company has legal title to the goods while the goods are in transit.
• D) no one has legal title to the goods until they are delivered.

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Definitions:

Clear And Easy

Describes information, instructions, or processes that are straightforward, simple to understand, and unambiguous.

Sales Process

A set of repeatable steps a company takes to move a potential buyer from the early stage of awareness to a closed sale.

Specific Goals

Clear, defined objectives that are easy to understand and measure, facilitating task completion and providing direction.

Goal-Setting Theory

A psychological theory suggesting that setting specific, challenging, and attainable goals can significantly influence motivation and performance.