Under a Shipment Contract, the Risk of Loss Passes to the Buyer

question 74

True/False

Under a shipment contract, the risk of loss passes to the buyer only when the seller tenders conforming goods to the buyer at the specified destination.

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Definitions:

Resource Use

The way in which human societies utilize natural resources to fulfill their needs and wants.

Real Cost

The total economic cost of production, considering all direct and indirect resources consumed, including opportunity costs.

Commodity Resources

Basic goods used in commerce that are interchangeable with other goods of the same type.