The Risk of Loss in a Shipment Contract Passes to the Buyer

question 54

True/False

The risk of loss in a shipment contract passes to the buyer when the goods are delivered to the buyer at the specified destination.

---

Definitions:

Price Fixing

An illegal practice where competitors agree on selling prices of their products or services instead of allowing market forces to set them.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically including product, price, place, and promotion.

Regulated Activities

Actions or operations that are controlled or governed by rules set by governmental or regulatory bodies.

Deceptive Pricing

A misleading pricing strategy where the true price of a product is not clearly displayed or hidden behind misleading information.