A Good or Service Is Considered Transferred When the Customer

question 85

True/False

A good or service is considered transferred when the customer places an order or requests a service.

---

Definitions:

Attorney

a professional licensed to practice law, offering advice, and representing clients in legal matters and court proceedings.

Bailment

A situation in which the personal property of one person (a bailor) is entrusted to another (a bailee), who is obligated to return the bailed property to the bailor or dispose of it as directed.

Bailee

The individual or party who temporarily receives possession, but not ownership, of personal property from another under a bailment agreement.

Dispose

To get rid of something, especially by throwing it away, selling it, or transferring it to someone else.