Perry is making 100 000 lightweight sweaters at his Winnipeg factory for a clothing dealer in Los Angeles. The contract between them specifies that the price per sweater is "EXW." This means that
A) Perry is required to assume responsibility for shipping and pay the costs associated with the transportation. However, his responsibility for the goods ceases once the goods have "passed the ship's rail."
B) Perry must use a bill of lading when arranging for shipping the sweaters to his customer.
C) Perry is not required to assume any responsibility for the goods other than making them available to the customer at his place of business in Winnipeg.
D) Perry is not required to assume responsibility for shipping or pay the costs associated with the transportation. Nevertheless, his responsibility for the goods continues until they are delivered to his customer in Los Angeles.
E) none of the above.
Correct Answer:
Verified
Q33: The principle of strict compliance in relation
Q34: Great Plains Inc, a Canadian company based
Q35: Assuming that the general rules apply,which of
Q36: The concept of "four contracts in one"
Q37: If Canada disputes the consistency of a
Q39: International trade is a federal responsibility, but
Q40: Antony is a resident of Burlington, Ontario,
Q41: Proctor Inc, a Dutch pharmaceutical manufacturer, takes
Q42: Canada and Argentina are members of the
Q43: There are more risks in international transactions
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents