Differentiate the Function

question 39

Multiple Choice

Differentiate the function

---

Definitions:

Sale Of Goods

A transaction where tangible products are exchanged between a seller and a buyer for a specified price.

Delivery Term

Refers to the conditions in a sales contract that outline the specifics of how and when the goods will be delivered to the buyer.

CFR

An abbreviation for "Code of Federal Regulations," which is a collection of the general and permanent rules published in the Federal Register by the departments and agencies of the Federal Government.

FOB

Free on Board, a shipping term used to indicate whether the seller or buyer is responsible for goods damaged or destroyed during shipping.