In an Origin Contract,when Does Title Pass to the Buyer

question 1

Multiple Choice

In an origin contract,when does title pass to the buyer?

• A)When goods are identified to the contract
• B)When the items are delivered to the buyer
• C)At the time and place of shipment
• D)When money is transferred to the seller
• E)One day after goods are identified to the contract

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term and long-term obligations, calculated as current assets divided by current liabilities.

Acid-test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its most liquid assets without relying on the sale of inventory.

Debt-to-Equity Ratio

A ratio used to measure the balance between the amount of debt and equity financing a company's assets.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its current income.