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7 December, 05:44

Baker Furniture sold 50 living room sets to King's Department Store. The parties did not agree on passage of title, but the delivery term was F. O. B. place of shipment. Discuss title and risk of loss regarding the furniture.

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  1. 7 December, 06:04
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    When a company sells merchandise at F. O. B. place of shipment, it means that the title of the goods is passed to the buyer as soon as the goods leave the seller's warehouse or delivery dock.

    Once the title of the goods has been passed to the buyer, he is the sole responsible for any losses that can occur. The buyer must pay for the shipping costs and insurance of the goods.
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Home » Business » Baker Furniture sold 50 living room sets to King's Department Store. The parties did not agree on passage of title, but the delivery term was F. O. B. place of shipment. Discuss title and risk of loss regarding the furniture.
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