If a contract for the sale of goods is F.O.B.Minneapolis and the seller is in Minneapolis and the buyer is in Chicago,the contract is a shipment contract.

Question

Quizplus · Accepted Answer

F.O.B. stands for "Free on Board" which means the seller is responsible for delivering the goods to a carrier selected by the buyer. In a shipment contract, the seller is responsible for shipping the goods to the buyer's location. In this case, since the contract specified that the goods are F.O.B. Minneapolis, it means the seller is responsible for shipping the goods from Minneapolis to the buyer's location in Chicago, making it a shipment contract.

If a Contract for the Sale of Goods Is F