According to the Uniform Commercial Code,which of the Following Statements

question 17

Multiple Choice

According to the Uniform Commercial Code,which of the following statements is true of a destination contract?

• A) A seller satisfies its obligation to ship goods once they are transferred to the shipper for transportation.
• B) The risk of loss for damage to the goods remains with a seller until the goods safely arrive at a buyer's destination.
• C) If the purchased goods are damaged in transit, then a buyer is held responsible only if the buyer has paid the full amount for the purchased goods.
• D) The risk of loss for damage to the goods is transferred to a buyer when a seller packages the goods for shipment.
• E) A buyer assumes the risk of loss for damage to the goods from the point of sale till the goods reach the destination.

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Definitions:

Sales Climb

An increase in the number of products or services sold over a particular period of time.

Direct Distribution

A method where products are sold and delivered to consumers directly from the producer, bypassing intermediaries.

Marketing Intermediaries

are third-party firms or individuals that act as middlemen in the distribution process, connecting producers with consumers.

Physical Distribution

The set of activities concerned with moving products from the end of production to the end user, including transportation, warehousing, and inventory management.