Examlex
Which of the following statements is true of the stroop effect?
Risk Of Loss
Refers to the legal responsibility regarding who bears the cost of damage, destruction, or theft of goods during a transaction or after it, until delivery.
F.O.B. Seattle
A commercial term indicating that the seller of goods is responsible for them until they are loaded on board a shipping vessel in Seattle, at which point the buyer assumes risk and responsibility.
Shipment Contract
A type of agreement in sales law where the seller is responsible for delivering goods to a carrier, after which the risk of loss passes to the buyer.
Entrusted
Given over to another's care or protection, often relating to property or duties.
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