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A transport company would classify their delivery vehicles on the balance sheet as:
Conforming Goods
Items that meet the specifications and standards set forth in a purchase contract.
Contract Terms
The specific conditions and clauses outlined in a contract that dictate the obligations, rights, and duties of the parties involved.
Place Of Tender
The designated location where a party to a contract is required to perform delivery of goods or payment of money.
Seller's Place
The designated location where the seller is required to deliver goods or perform services according to a contract.
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