In an open account transaction, the exporter ships the goods to the importer but retains title to the goods until they have been sold.

Name: In an open account transaction, the exporter ships the goods to the importer but retains title to the goods until they have been sold.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

In an open account transaction, the exporter ships the goods to the importer and relinquishes title to the goods upon shipment. The importer agrees to pay for the goods at a later date, usually within a specified period of time.

In an Open Account Transaction, the Exporter Ships the Goods