Under a Shipment Contract, Title Passes to the Buyer at a Time

question 65

True/False

Under a shipment contract, title passes to the buyer at a time and place the seller contracts with the carrier to ship the goods.

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Definitions:

Secondary Market

A market where investors buy and sell securities they already own, as opposed to the primary market where securities are first issued.

Institutions

Organizations or structures that are established for a particular purpose, often involved in public service, finance, or education.

Capital Market Instrument

Financial securities used to raise capital in public and private markets, including stocks and bonds.

Treasury Bond

A Treasury Bond is a fixed-interest government debt security with a maturity of more than ten years.