Seller contracted to sell lumber to the buyer. The contract was a shipment contract and the
goods were to be shipped by common carrier. The lumber was destroyed by fire before the
common carrier delivered the lumber to the buyer.
Which of the following statements best
describes this situation?
A) The risk of loss remains on the seller until a document of title is delivered to the buyer.
B) The risk of loss passed to the buyer when the goods were delivered to the common
carrier.
C) The risk of loss has not yet passed to the buyer and remains on the seller until the goods
are delivered.
D) The risk of loss passed to the buyer when the contract was made.
B
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________ is the probability that the inventory available during the lead time will meet demand
Fill in the blank with correct word.
To postpone any gain on an involuntary conversion, the taxpayer must purchase qualifying replacement property that is "similar or related in service or use" to the property involuntarily converted.
Answer the following statement true (T) or false (F)
A possible limit on arbitrage activity that may allow behavioral biases to persist is _______.
A. technical trends in prices B. momentum effects C. fundamental risk D. trend reversals
Expenses are the value given up to obtain something that the owner wants.
Answer the following statement true (T) or false (F)