Examlex
Typically, the MOST intense teen-parent arguments occur:
Legal Title
Legal ownership of property or assets, which includes the right to use, sell or transfer them.
FOB Shipping Point
A shipping term indicating that the buyer assumes transportation costs and risk of loss once the goods leave the seller's premises.
Consignee
The individual or entity designated to receive goods being shipped or transported, who may not be the actual owner of the goods until certain conditions are met.
Consignment
A business arrangement in which goods are left in the possession of another party to sell, but ownership remains with the supplier until the goods are sold.
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