FOB shipping point means that the title to the goods passes to the purchaser upon receipt of the goods and the seller is responsible for the cost of the freight.
Question
Solution 1
The statement provided about "FOB shipping point" is incorrect. Here's the correct explanation:
FOB Shipping Point: This term means that the title to the goods passes to the purchaser as soon as the goods leave the seller's shipping dock. The buyer is responsible for the freight costs and bears Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Similar Questions
FOB shipping point means that the title to the goods passes to the purchaser upon receipt of the goods and the seller is responsible for the cost of the freight.
FOB shipping point means title passes when the seller ships the inventory, not when the buyer receives it.Group startsTrue or False
The term "FOB" denotes: Group of answer choices free on board. freight on board. free only (to) buyer. freight charge on buyer.
In a perfectly competitive market, price per unit to the purchaser is synonymous with per unit or revenue to a seller.
Freight which is the responsibility of the seller and paid by the seller.Group of answer choicesFOB SP, CollectFOB DP, PrepaidFOB DP, CollectFOB SP, Prepaid
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