Goods shipped from a seller's warehouse on June 10,2010,arrived at the buyer's warehouse on June 16,2010.The invoice for the goods arrived at the buyer's accounting department on June 13,2010 and was paid on June 20,2010.If the goods were sold FOB destination,the buyer took legal title on:

Question

Quizplus · Accepted Answer

FOB destination means that title of goods transfers from the seller to the buyer when the goods have been delivered to the destination specified in the sales contract. In this case, the goods arrived at the buyer's warehouse on June 16, 2010, which means that legal title transferred on that date. Therefore, the best choice is D, June 16, 2010.

Goods Shipped from a Seller's Warehouse on June 10,2010,arrived at the Buyer's