Ask Question
BusinessBusiness
14 February, 10:10

If goods in transit are shipped FOB destination

a. no one has legal title to the goods until they are delivered.

b. the seller has legal title to the goods until they are delivered.

c. the transportation company has legal title to the goods while the goods are in transit.

d. the buyer has legal title to the goods until they are delivered.

+5
Answers (1)
  1. 14 February, 10:32
    0
    b. the seller has legal title to the goods until they are delivered.

    Explanation:

    When the goods are in the transit and are shipped FOB destination, the title of the goods would be with the seller. If the goods are delivered, then the legal title would be transferred from the seller to the buyer. Until the goods are in transit, the legal title is with the seller itself.

    Both the parties are eligible for the legal title. It can be either a buyer or seller depending upon the situations

    Hence, the correct option is b and the rest options are wrong
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If goods in transit are shipped FOB destination a. no one has legal title to the goods until they are delivered. b. the seller has legal ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What techniques did managers use to promote rock & roll?
Answers (1)
During the proliferative phase of the menstrual cycle, a. the corpus luteum is forming. b. the lining of the endometrium is restored. c. the fertilized ovum implants d. the old endometrial lining is sloughed off e. all of the above
Answers (1)
George Albert was a property manager for a large apartment complex while he was going to college. One of his duties was to collect rent from the tenants. If rent was paid after the third of the month, a late fee was tacked on to the amount due.
Answers (1)
A supply curve shows the relationship between complements. has a direct or positive relationship between price and quantity supplied. shows the relationship between quantity supplied and income.
Answers (1)
Gus buys cupcakes every saturday morning. when he walks into the bakery, he always orders by saying, "give me $10 worth of cupcakes." what does this tell you about gus's elasticity of demand for cupcakes?
Answers (1)
New Questions in Business
News about the airport closing spread from the public safety manager to the deputy directors to members of airport security to aircraft rescue personnel to administrative assistants and then to the rest of the airport employees.
Answers (1)
Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for building a foundation and installing the machinery.
Answers (1)
John has just won the state lottery and has three award options from which to choose. He can elect to receive a lump sum payment today of $46 million, 10 annual end-of-year payments of $7 million, or 30 annual end-of-year payments of $4 million.
Answers (1)
Why should you read the label on a bottle twice before using its contents?
Answers (1)
Steve is a fan of the los angeles lakers basketball team. with little provocation, he will engage you in a debate about whether it is the greatest team in basketball. what may steve be demonstrating
Answers (1)
Home » Business » If goods in transit are shipped FOB destination a. no one has legal title to the goods until they are delivered. b. the seller has legal title to the goods until they are delivered. c.
Sign Up Forgot Password?