If a sales contract requires or authorizes the seller to ship goods by carrier, when does the risk of loss pass to the buyer if the contract does not require delivery at a particular destination?
a. At the time the goods are properly delivered to the carrier.
b. At the time the carrier tenders the goods to the buyer.
c. At the time the contract is initially entered into.
d. Not until the buyer has received the goods and had a chance to inspect them.
a
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Indicate whether the statement is true or false.
An agent working for two principals at the same time violates the duty of
a. obedience. b. loyalty. c. accurate accounting. d. reasonable skill.
Determine the accounts and amounts to be debited and credited for the following transactions for Madison's Clock Repair.A. Purchased new equipment for $3,400 by issuing a check for $1,400 as a down payment with the balance due in 30 days.B. Returned damaged supplies and received a $80 cash refund.C. Purchased supplies for $300 on account.D. Provided services for $8,600 on credit.E. Issued a check for $700 to pay a creditor on account.F. Issued checks for $3,800 to pay the employees their monthly salaries.G. Issued a check for $180 to pay the monthly telephone bill
What will be an ideal response?
The EOQ model calculates the size of the firm's inventory given its expected usage, carrying costs,
and ordering costs. Indicate whether the statement is true or false