If Shipping Terms Are C&F,then

question 8

Multiple Choice

If shipping terms are C&F,then

• A)the price includes,in a lump sum,the cost of the goods and freight,but not insurance.
• B)the price includes,in a lump sum,the cost of the goods and the insurance and freight to the named destination.
• C)neither the buyer nor the seller bears risk;the shipping company bears all risk.
• D)the seller bears all risk until goods are in the carrier's possession;then the buyer bears the risk.

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Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and culminating in significant geopolitical changes.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, beginning with the stock market crash of 1929 and leading to widespread unemployment and poverty.

Agricultural Prices

The amount of money required to purchase agricultural commodities, which can be influenced by factors such as weather conditions, supply and demand, and government policies.

Time Periods

Discrete intervals in which events occur or data is collected, analyzed, and reported.