If the Shipping Terms Are FOB Destination,the Seller Has to Pay

question 151

True/False

If the shipping terms are FOB destination,the seller has to pay for freight costs.

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Definitions:

Breach of Warranty

The failure to fulfill the terms of a promise or guarantee made about the quality or condition of a product or service.

Finance Company

A type of financial institution that provides loans to consumers and businesses, often for specific purchases such as vehicles, equipment, or home improvements.

Holds a Lien

Refers to the legal right or interest that a lender has on a property, until a debt owed by the property owner is paid off.

Implied Warranties

Legally inferred guarantees that ensure products meet minimum quality standards, providing protection beyond explicit statements.