Which of the Following Occurs in a CIF Agreement

question 59

Multiple Choice

Which of the following occurs in a CIF agreement?

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

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Definitions:

Federal Sentencing Guidelines

A set of rules designed to standardize sentencing policies in United States federal courts for convicted criminals to ensure consistency and fairness in punishment.

Business Ethics

The study of appropriate business policies and practices regarding potentially controversial issues such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

Federal Sentencing Guidelines

A set of standards that outline the recommended punishment for individuals and organizations convicted of federal crimes in the United States.

Compliance Program

A formalized system within organizations that helps ensure adherence to laws, regulations, and company policies.