FOB Destination Refers to a Situation Where Title to Goods

question 100

Multiple Choice

FOB destination refers to a situation where title to goods while in transit belongs to the ________.

• A) buyer
• B) seller
• C) transport agency
• D) insurance agency

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Definitions:

Due Diligence Inquiry

A comprehensive appraisal of a business or person prior to signing a contract, especially to evaluate its assets and liabilities and assess its commercial potential.

SEC Filing

Documents that publicly traded companies are required to submit to the U.S. Securities and Exchange Commission, providing financial and other significant information.

Attorney-Client Privilege

A legal principle that protects communications between a client and their attorney from being disclosed without the client's permission.

Accountant-Client Privilege

A legal privilege that keeps confidential communications between an accountant and their client protected from disclosure without the client's consent.