Every commercial transaction is based on a contract of sale,and the trade terms in that contract specify the exact point at which the ownership of merchandise is transferred from the seller to the buyer and which party in the transactions pays which cost.

Question

Quizplus · Accepted Answer

In commercial transactions, the contract of sale outlines the terms of the deal, including trade terms that specify the point of ownership transfer from seller to buyer and the allocation of costs between the parties.

Every Commercial Transaction Is Based on a Contract of Sale,and