Which Statement Is Correct Regarding CIF Agreements

question 15

Multiple Choice

Which statement is correct regarding CIF agreements?

• A)Risk of loss occurs when goods are identified to the contract.
• B)Risk of loss remains with the seller for 5 days after the sale.
• C)Risk of loss remains with the seller for 5 days before the sale.
• D)Risk of loss occurs when the goods are delivered to the buyer.
• E)The seller puts the goods in possession of a carrier before the risk passes to the buyer.

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Definitions:

Discipline

The practice of training to improve strength or self-control, often through the enforcement of rules.

Observational Learning

A learning process whereby individuals change their behavior after observing the actions and outcomes of others' behaviors.

Reinforcement

A principle in behaviorism that strengthens a behavior by providing a consequence an individual finds rewarding.

Albert Bandura

A prominent psychologist known for his work on social learning theory and the concept of self-efficacy.