In a Destination Contract,risk of Loss Passes to the Buyer

question 14

Multiple Choice

In a destination contract,risk of loss passes to the buyer when the goods

• A) are tendered at the specific destination.
• B) are delivered by the seller to the carrier.
• C) begin the journey to the destination point.
• D) have passed the halfway point to the destination.

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Definitions:

Imports

Goods or services that are brought into a country from abroad for sale.

Demonstrations

Public gatherings where individuals collectively show their support or opposition toward a particular cause or policy.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

WTO

World Trade Organization, an intergovernmental organization that regulates international trade by providing a framework for negotiating trade agreements and a dispute resolution process to enforce participants' adherence to trade agreements.