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What Is Defeminization

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What is defeminization?

Understand when and how title and risk of loss pass from the seller to the buyer or lessee.
Grasp the rights of parties to insure the goods involved in the transaction.
Recognize the conditions under which rights and liabilities in sales or leases are determined, especially concerning title and identification.
Identify the role of documents of title in the passage of title and risk of loss.

Definitions:

Assets

Resources owned or controlled by a business that are expected to benefit future operations.

Accounting Equation

The foundational equation in accounting, Assets = Liabilities + Owner's Equity, showing the relationship between a company's assets, liabilities, and equity.

Liabilities

Financial obligations of a business that represent debts or amounts owed to others, due to past transactions or events.

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