How does the risk of loss pass when goods are delivered without being transported?
What will be an ideal response?
When goods are not shipped to the buyer, the risk of loss passes when the goods are handed over by the seller or otherwise put at the buyer's disposal. The goods are not considered to be put at the buyer's disposal, however, until they are clearly identified to the contract.
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Ads that are intended only to inform consumers about a brand or a product will not benefit from the use of a slogan or jingle
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On October 1, 2013, Taurus Corporation lent $50,000 to Tia Ltd. and received a 5%, 6–month note. What is the maturity date of the note?
a. October 31, 2014 b. October 31, 2013 c. March 1, 2013 d. March 31, 2014
Working capital is:
A. The difference between current assets and current liabilities. B. The difference between cash flow and current liabilities. C. The difference between cash flow and assets. D. The difference between long-term liabilities and current liabilities.