To Use Attachment as a Remedy, a Creditor Must Have

question 24

True/False

To use attachment as a remedy, a creditor must have an enforceable right to payment of the debt.

Distinguish between different shipping terms such as FOB and FAS.

Identify who bears the risk of loss under different contract types.

Comprehend how title and risk of loss transfer in various sales contracts.

Recognize the role and liabilities of common carriers in shipping contracts.

---

Definitions:

Vendor-Managed Inventory

A supply chain initiative where the supplier assumes the responsibility of managing inventory levels for the customer.

Inventory Control

The regulation of inventory levels within a business to manage supply, minimize costs, and prevent shortages or surpluses.

Just-In-Time (JIT) System

A supply chain management strategy that reduces inventory costs by delivering raw materials and components just as they are needed in the production process.