Under a Contract That Does Not Require the Seller to Deliver

question 22

Multiple Choice

Under a contract that does not require the seller to deliver the goods to the buyer's place of business but merely to ship the goods to the buyer,the seller:

• A)is required to put the goods into the possession of a carrier such as a trucking company or a railroad.
• B)is not required to notify the buyer of the shipment,as it is the duty of the carrier to bear for any material delay or loss in the process.
• C)is required to deliver the goods personally to the buyer's place of business.
• D)is not required to make a contract with the carrier,as the seller's duty ends after he delivers the goods safely to the carrier.

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Definitions:

Progressive Income Tax

A tax system in which the tax rate increases as the taxable amount increases, leading to higher earners paying a higher rate of tax on their income.

Equity

The concept of fairness or justice in the allocation of resources or treatment of individuals, or a term referring to ownership interest in a company through stocks.

Efficiency

The state of optimizing resources to achieve the highest possible output with the least waste of inputs.

Tax Efficiency

A measure of how much of an investment's return is left after taxes, indicating the effectiveness of minimizing tax liability through investment choices.