Which one of the following statements is true?
A)FOB destination means the buyer has legal title to the goods while they are in transit.
B)FOB shipping point means the seller has legal title to the goods while they are in transit.
C)FOB destination means the seller has legal title to the goods until they reach the buyer's place of business.
D)FOB shipping point means the buyer acquires legal title to the goods when they reach the buyer's place of business.

Question

Quizplus · Accepted Answer

FOB destination indicates that the seller retains ownership and responsibility for the goods until they are delivered to the buyer's location, at which point the buyer takes title and responsibility.

Which One of the Following Statements Is True