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:

Automobile Accident

A collision involving one or more vehicles, which can result in property damage, personal injury, and sometimes fatalities.

Employer

An individual or organization that hires and pays people for their work.

Employee

An individual who works part-time or full-time under a contract of employment, providing labor or services to an employer for compensation.

Responsibilities

Duties or obligations required to be fulfilled by an individual, group, or organization.