Goods in transit between the buyer and the seller belong to:

Question

Quizplus · Accepted Answer

The ownership of goods in transit depends on the terms of the sale, which are determined by the shipping point or destination. If the goods were shipped F.O.B. shipping point, ownership transfers to the buyer once the goods are loaded onto the carrier. If the goods were shipped F.O.B. destination, ownership transfers to the buyer once the carrier delivers the goods to the destination. Therefore, the best answer is D.

Goods in Transit Between the Buyer and the Seller Belong