Which of the Following Is True of a Shipment Contract

question 13

Multiple Choice

Which of the following is true of a shipment contract?

• A)The carrier is liable for the goods while they are in transit from the seller to the buyer.
• B)The title and risk of loss pass to the buyer when the goods are delivered to the carrier.
• C)The seller has an insurable interest in the goods until they are delivered to the buyer.
• D)The title and risk of loss pass to the buyer when the payment is made by the buyer.

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Definitions:

Standard of Living

A measure indicating the degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.

Total Annual Output

The total value or volume of goods and services produced by an economy within a year.

Germany

A country in Central Europe known for its rich history, economic strength, and contributions to arts, science, and technology.

France

A country in Western Europe known for its rich history, culture, and significant impact on global politics, cuisine, and the arts.