If the Delivery Term of the Contract Is ________,The Place

question 40

Multiple Choice

If the delivery term of the contract is ________,the place at which the goods originate,the seller is obligated to deliver to the carrier goods that conform to the contract and are properly prepared for shipment to the buyer,and the seller must make a reasonable contract for transportation of the goods on behalf of the buyer.

• A)CFR
• B)FOB
• C)CIF
• D)DAF

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Definitions:

Public Auctions

Sales events open to the public where goods or properties are sold to the highest bidder.

Excessive Bids

Bidding amounts that significantly exceed the estimated value of an item in auctions or tender processes.

Dominant Strategies

In game theory, strategies that are best for a player regardless of what the other players choose.

Credible Threat

A statement or action that is believable and carries the weight of possible enforcement, often used in negotiations or strategic situations.