Complete the Following Table to Show How FOB Terms Apply

question 215

Essay

Complete the following table to show how FOB terms apply to merchandise inventory purchased by a merchandiser.
$$\begin{array} { | l | l | l | } \hline \text { FOB Term } & \begin{array} { l } \text { When does the title to the } \\\text { goods transfer to the buyer? }\end{array} & \text { Who pays the freight? } \\\hline \text { Shipping Point } & & \\\hline \text { Destination } & & \\\hline\end{array}$$

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Definitions:

Trademark Protected

Refers to brands, logos, slogans, and other distinctive signs that have legal protection to prevent unauthorized use by others.

Nonfunctional

Describing an item or system that does not operate or function as intended or expected.

Shape of a Product

The physical contours, dimensions, and appearance of an item as it relates to its design, functionality, and aesthetic appeal.

Gift Causa Mortis

A gift made by an individual in contemplation of imminent death, which can be revoked if the person survives.