Which statement is correct regarding CIF agreements?
A)Risk of loss occurs when goods are identified to the contract.
B)Risk of loss remains with the seller for 5 days after the sale.
C)Risk of loss remains with the seller for 5 days before the sale.
D)Risk of loss occurs when the goods are delivered to the buyer.
E)The seller puts the goods in possession of a carrier before the risk passes to the buyer.

Question

Quizplus · Accepted Answer

A)In a CIF arrangement,the seller puts the goods in possession of a carrier before
the risk passes to the buyer.
B)In a CIF arrangement,the seller puts the goods in possession of a carrier before the risk passes to the buyer.
C)In a CIF arrangement,the seller puts the goods in possession of a carrier before the risk passes to the buyer.
D)In a CIF arrangement,the seller puts the goods in possession of a carrier before the risk passes to the buyer.
E)In a CIF arrangement,the seller puts the goods in possession of a carrier before the risk passes to the buyer.

Which Statement Is Correct Regarding CIF Agreements