Examlex
Which statement about intermodal perception is true?
Goods-in-bailment
Refers to personal property that has been delivered into the hands of another for custody or performance of some service, without transfer of ownership.
Economic Interest
A vested interest in financial gains or losses, typically relating to investments, ownership, or participation in business ventures or market activities.
Risk of Loss
The potential that an investment or transaction may result in loss, attributed to various factors.
CIF
Cost, Insurance, and Freight, a trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.
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