Matrix Material Corporation in New Jersey Sells Fifty Tons of Fabric

question 34

Multiple Choice

Matrix Material Corporation in New Jersey sells fifty tons of fabric to Natural Fit Clothing,Inc.,in Ohio,"F.O.B.New Jersey." Matrix arranges with Outbound Truckline to transport the goods.The cost of the transport will be paid by

• A)Matrix.
• B)Natural Fit.
• C)New Jersey.
• D)Outbound.

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Definitions:

Destination Contract

A contract specifying that the seller is responsible for delivering goods to a particular destination, with the risk of loss transferring upon delivery.

Bill Of Lading

A legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being carried.

Title

A legal term referring to the legal right of ownership of property or asset.

Gem Vehicles

Electric vehicles produced by Global Electric Motorcars, known for their eco-friendly and compact designs suitable for low-speed transportation needs.