Examlex
A transformer that has 480 V applied to its primary winding and produces 120 V at its secondary winding is called a(n) ____.
F.O.B. Seattle
A commercial term indicating that the seller of goods is responsible for them until they are loaded on board a shipping vessel in Seattle, at which point the buyer assumes risk and responsibility.
Shipment Contract
A type of agreement in sales law where the seller is responsible for delivering goods to a carrier, after which the risk of loss passes to the buyer.
Entrusted
Given over to another's care or protection, often relating to property or duties.
Merchant
An individual or company engaged in the trade of goods, services, or commodities for profit.
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