Which of the Following Is True When the Designation FAS

question 28

Multiple Choice

Which of the following is true when the designation FAS is used?

• A) The buyer, at the buyer's expense, delivers the goods alongside the ship before the risk passes to the buyer.
• B) The buyer, at the seller's expense, delivers the goods alongside the ship before the risk passes to the buyer.
• C) The seller, at the seller's expense, delivers the goods alongside the ship before the risk passes to the buyer.
• D) The seller, at the buyer's expense, delivers the goods alongside the ship before the risk passes to the buyer.
• E) The common carrier, at the carrier's expense, delivers the goods alongside the ship before the risk passes to the buyer.

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Definitions:

Nascent Stage

The early development phase of a project or company, often characterized by high uncertainty and risk.

Entrepreneurial Transition

The process or phase where an entrepreneur or business undergoes significant change, often towards growth or diversification.

Probable Crisis

A situation or a series of events that is likely to lead to an unstable and dangerous situation affecting an individual, group, community, or the whole society.

Ambiguous Roles

This concept involves roles within an organization or project that lack clear definitions, expectations, and parameters, leading to uncertainty.