If the Ownership of Merchandise Passes to the Buyer When

question 76

True/False

If the ownership of merchandise passes to the buyer when the seller delivers the merchandise for shipment, the terms are stated as FOB destination.

---

Definitions:

Military Commander

A high-ranking officer in the armed forces with authority and responsibility over military operations and personnel, often making strategic and tactical decisions.

Transcontinental Railroad

A network of railroad trackage that crosses a continental land mass, connecting the Pacific and Atlantic coasts of the United States, completed in 1869.

Union Pacific

A major railroad company in the United States, primarily operating in the western two-thirds of the country.

Central Pacific

Often refers to the central area of the Pacific Ocean, but can also denote the Central Pacific Railroad, a key portion of the First Transcontinental Railroad in the United States.