In a Shipment Contract, Delivery Occurs When the Shipment Reaches

question 34

True/False

In a shipment contract, delivery occurs when the shipment reaches the destination.

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Definitions:

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency insuring deposits in banks and thrift institutions, offering depositors protection against bank failure.

CFTC

The Commodity Futures Trading Commission, a United States federal agency regulating futures and options markets.

Futures Contract

A standardized legal agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified future date.