FOB Destination Means That The

question 24

Multiple Choice

FOB Destination means that the:

• A) seller normally pays the transportation costs.
• B) buyer normally pays the transportation costs.
• C) buyer and the seller split the shipping costs.
• D) shipping costs are billed to the buyer.

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Definitions:

Obligation to Pay

A legal or moral duty to settle a debt or fulfill a contractual payment responsibility.

Tenant's Use

The manner in which a tenant is permitted by lease to utilize the rented property.

Landlord's Interest

The ownership interest and rights a landlord possesses in a property, including the right to receive rent and enforce lease terms against tenants.

Zoning

The legislative process for dividing land into zones where specific types of structures or uses are permitted.