In connection with risk and expense associated with the delivery of goods to a carrier for...
In connection with risk and expense associated with the delivery of goods to a carrier for shipment under a sales contract, the term "F.O.B the place of shipment" means that
a. The seller bears the risk but not the expense.
b. The buyer bears the risk but not the expense.
c. The seller bears the risk and expense.
d. The buyer bears the risk and expense.
Homework Answers
| The term "F.O.B the place of shipment" means that The seller bears the risk and expense. |
| The seller is the owner of goods and bears all risks associated with the ownership of goods till the goods reach the destination. |
| The seller is also responsible for freight charges and other charges associated with shipment |
| Option C is correct |
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