The first rule governing transfer of title and risk of loss states that:
A) title transfers to the buyer as soon as the goods are delivered.
B) the buyer has both title and risk of loss as soon as the goods are paid for,regardless of their physical location.
C) the supplier and small business may agree to a shift of the risk of loss at any time during the transaction between them.
D) title transfers to the buyer as soon as the goods are in the hands of the carrier.
Correct Answer:
Verified
Q36: A firm's reorder point for an item
Q37: The creation of a vender certification program
Q38: _ discounts are normally set up on
Q39: The consequences for the small business owner
Q40: The reorder point model requires that the
Q42: The kaizen philosophy holds that:
A)once an improvement
Q43: If a small business owner wanted an
Q44: "F.O.B.seller" means that:
A)title passes to the buyer
Q45: What are the two basic tenets of
Q46: "F.O.B.buyer" means that:
A)title passes to the buyer
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents