When the term F.O.B. shipping point is used, title passes
A) when goods reach the halfway point.
B) when goods reach the destination.
C) when goods are shipped.
D) when the buyer unpacks the goods.

Question

Quizplus · Accepted Answer

F.O.B. stands for "free on board" and when used with "shipping point," it means that the seller transfers ownership and title of goods to the buyer as soon as the goods are shipped. This means that once the goods leave the seller's facility, the buyer is responsible for all costs and risks associated with transporting the goods to their destination.

When the Term F