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LiRa [457]
1 year ago
5

fob shipping point requires that the supplier legally retain ownership of the product being shipped until it reaches the destina

tion fob origin requires that the supplier legally retain ownership of the product being shipped until it reaches the destination true false
Business
1 answer:
Firlakuza [10]1 year ago
6 0

True: fob shipping point requires that the supplier legally retain ownership of the product being shipped until it reaches the destination.

The terms FOB shipping point and FOB destination designate the points at which the buyer acquires ownership of the goods from the seller. To clarify who is responsible for products lost or damaged during delivery, the distinction is crucial. The timing of the transfer of the items' title is the main distinction between the two contracts. Thus, the given statement is true.

FOB shipping point, also known as FOB origin, denotes that when the goods are loaded onto a delivery vehicle, ownership and responsibility of the goods pass from the seller to the buyer. Title to the goods is transferred from the seller to the buyer FOB destination. When the products are brought to the buyer's designated location.

To know more about FOB shipping point, refer to the following link:

brainly.com/question/13226651

#SPJ4

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