When Goods Are to Be Physically Moved by a Third-Party

question 7

True/False

When goods are to be physically moved by a third-party carrier and delivery is made by physically moving the goods, title passes at the time and place at which the seller completes performance.

---

Definitions:

Shrewd Businessman

An individual known for their savvy, insightful, and often strategic approach to business dealings and decision-making.

Capital Goods

Large, durable goods used in the production of goods and services, such as machinery, buildings, and equipment.

Future Output

The estimated production or services to be provided by an economy, a sector, or a company in the future, often associated with planning and projections.

Consumption Goods

Goods that are used by consumers for personal or household purposes, intended to satisfy human wants or needs directly.