The Contract Term "Delivery Ex-Ship" Means That the Risk of Loss

question 11

True/False

The contract term "delivery ex-ship" means that the risk of loss does not pass to the buyer until the goods are properly unloaded from the ship or other carrier.

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Definitions:

Electric Pencil Sharpener

A device powered by electricity used for sharpening pencils through a rotating mechanism.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," which places the responsibility on the buyer to perform due diligence before making a purchase.

Law Book

A publication containing legal rules, regulations, and case law intended to guide lawyers, judges, and scholars in their legal work and studies.

Implied Warranty

An unstated guarantee that goods sold or services provided meet certain quality standards and fit for the purpose intended.