Goods are considered to be in transit while they are in possession of carriers or bailees.

Name: Goods are considered to be in transit while they are in possession of carriers or bailees.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Goods are considered to be in transit while they are being transported by carriers or held by bailees (such as warehouse operators or customs agents) on their way to their destination. Once the goods reach their destination and are delivered to the buyer or consignee, they are no longer considered to be in transit.

Goods Are Considered to Be in Transit While They Are