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

question 27

True/False

Under a destination contract,the risk of loss passes to the buyer when the goods are duly delivered to the carrier.

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Definitions:

IS Organization

Information Systems (IS) Organization refers to the structured arrangement within a company that is responsible for the management, planning, and deployment of information systems.

Day-To-Day Operations

The regular activities that are necessary for a business or organization to function effectively on a daily basis.

New Systems Development

The process involved in creating a new IT system or significantly improving an existing system to meet specified needs or objectives.

Business Problems

Challenges or obstacles faced by a business that require solutions in order to maintain or enhance its operations.