In a Destination Contract, Delivery Is Completed When the Shipment

question 15

Multiple Choice

In a destination contract, delivery is completed when the shipment ________.

• A) reaches the destination specified in the contract
• B) is inspected by the buyer and approved
• C) is handed over to the carrier by the seller
• D) is in transit to the destination specified in the contract

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Definitions:

Ratio

A quantitative relation between two amounts showing the number of times one value contains or is contained within the other.

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases, and vice versa.

Opposite Directions

Refers to two or more entities, trends, or forces moving in contrary paths or exhibiting contrary behavior in a given context.

Omitted Variable

An Omitted Variable is a relevant variable that has been left out of a regression model, potentially leading to biased results.