Which of the following describes the term "passage of risk"?

A. the period given to the seller to rectify nonconforming goods
B. a period during shipment when neither buyer nor seller bears the risk of loss
C. the period during which the seller is responsible for losses to the goods
D. the point in time when the buyer becomes responsible for losses to the goods

D

Business

You might also like to view...

Members of which generation were born in the years immediately following the end of World War II?

A) Echo Boomers B) Millennials C) baby boomers D) the baby bust E) Generation Z

Business

The need for knowledge management in IJVs primarily stems from ________

A) employee concerns regarding job security and benefits B) cultural and system differences between partners C) local government regulations and restrictions D) proprietary information legalities

Business