Acme Rocket Company is to ship 500 toy rockets by boat to Rockets R Us.Acme is located in Miami,and Rockets R Us is located in Boston.Who bears the risk of loss if goods are to be shipped FOB Miami?
A) Rockets R Us bears the risk of loss if the boat sinks on its way to Boston.
B) Rockets R Us bears the risk of loss once the shipment arrives in Boston.
C) Acme bears the risk of loss if the boat sinks on its way to Boston.
D) Acme bears the risk of loss until the goods are accepted by Rockets R Us.
Correct Answer:
Verified
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