Examlex
The measurement of the radius of the end of a log is found to be 14 inches, with a possible error of inch. Use differentials to approximate the possible propagated error in computing the area of the end of the log.
Shipment Contract
A sales agreement where the seller is obligated to send the goods to a specific destination, and the risk of loss passes to the buyer when the goods are delivered to the carrier.
Risk of Loss
The responsibility for the loss of goods during shipment, transfer, or at any time before the completion of a sale, typically determined by contract terms.
Shipment Contract
A type of sales contract where the seller is required to send the goods to the buyer, but the risk of loss passes when the goods are handed to the carrier.
Risk of Loss
A legal term referring to the responsibility for damage, destruction, or loss of goods, especially in the context of the sale or transport of those goods.
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