A Product Is Priced "FOB Destination

question 8

Multiple Choice

A product is priced "FOB destination." This expression means:

• A) the shipping costs are negotiable.
• B) the buyer pays the shipping costs.
• C) the seller pays all shipping costs.
• D) the buyer and seller share the shipping costs.
• E) freight over a basic fee is paid at the destination.

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Definitions:

Exceptions

Specific conditions or circumstances that alter or nullify the general rule or application of a law.

Contractual Rights

The specific legal rights and obligations that are established by a contract between two or more parties.

Assigned

The process of transferring rights, duties, or properties to another party, often seen in contracts or legal agreements.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing in order to be enforceable.