The Purpose of Reviewing FOB Terms on the Invoice Is

question 153

Multiple Choice

The purpose of reviewing FOB terms on the invoice is to:

• A)identify the person liable to pay freight.
• B)calculate the amount of freight payable.
• C)to locate the transporter.
• D)to decide and conform the transporter.

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Definitions:

Contractual Obligation

A contractual obligation is a duty or responsibility recognized by law that arises out of a contract agreement between parties.

Breach Of Contract

The failure of one party to fulfill the terms agreed upon in a contract, potentially leading to legal action for remedies.

Negotiate

The process of discussing something to reach an agreement or compromise.

Additional Benefits

Supplemental compensations or perks provided by employers beyond basic salary, including health insurance, retirement plans, etc.