If the Shipping Terms Are Cash on Delivery (COD),then the Buyer

question 63

Multiple Choice

If the shipping terms are cash on delivery (COD) ,then the buyer:

• A)need not pay for the goods if inspection is not allowed.
• B)must pay for the goods if it is obvious without inspection that the goods do not conform to the contract.
• C)must pay the expenses of inspection if the goods do not conform to the contract.
• D)must pay for the goods before inspecting them unless they are marked "Inspection Allowed."

---

Definitions:

Par Value

The face value of a bond or stock, representing the amount that the issuing company agrees to pay at maturity or the value on which dividend payments are calculated.

Coupon Rate

The interest rate paid by a bond issuer on its nominal value, determining the periodic interest payments to bondholders.

Yield To Maturity

The total return anticipated on a bond if held until its maturity date.

Intrinsic Value

The actual value of a company, stock, currency, or product determined through fundamental analysis without reference to its market value.