When the term F.O.B. shipping point is used, title passes:
A) when goods reach the halfway point.
B) when goods reach the destination.
C) when goods are shipped.
D) when the buyer signs for the product.
Answer: C
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In Arkansas, as well as most states, the “implied contract” theory is part of the employment law of the state due to a legal precedent. This theory requires that an employer:
A. Pay all workers 25% more than minimum wage. B. Agree to never ask a worker to work more than 40 hours in a given week. C. May only terminate a worker for good cause. D. Promise that all workers will be guaranteed a minimum of 2 weeks of vacation time per year E. NONE of these.
Jack is the sole proprietor of Jack's Appliances. He gives out a five-year warranty on all
appliances that he sells. Sara buys a stove from him. A year later, Jack dies and the business is sold to Ken. Sara can now enforce the warranty against Ken. Indicate whether the statement is true or false