1. Under a shipment contract, the seller is required only to the goods into the hands of a carrier and title passes to the buyer

Question

3 years ago

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1. Under a shipment contract, the seller is required only to the goods into the hands of a carrier and title passes to the buyer

at the time and place of shipment. a. Trueb. False2. Generally, all contracts are assumed to be ________________ contracts if nothing to the contrary is stated in the contract.3. The seller is required to deliver the goods to a particular destination in a destination contract, usually directly to the _____________. 4. With destination contracts, title passes to the buyer when the goods are at that destination.a. Trueb. False

Business

1 answer:

taurus [48] · Answer 1 · 2022-03-31T12:01:30+03:00

Answer:

<h2>1) The answer is option a) or True.</h2><h2>2) Generally all contracts are assumed to be <u>Shipment </u> contracts if nothing to the contrary is stated in the contract.</h2><h2>3) The seller is required to deliver the goods to a particular destination in a destination contract,usually directly to the <u>buyer</u><u>.</u></h2><h2>4) The answer is option a) or True.</h2><h2 />

Explanation:

A shipment contract mandates that the seller of any good or service is obligated to deliver the specified shipment to a common carrier for delivery to the buyer but not directly to the buyer's destination.Under the shipment contracts,the seller is not responsible for the condition of the shipment or package during the delivery point and time to the buyer.
If nothing is specifically mentioned in the contract regarding the delivery of the shipment,it assumably qualifies as a shipment contract and the seller is only liable to dispatch the shipment to the transportation carrier and not obligated to send it directly to the buyer's destination.
Under a destination contract,the seller is officially obligated to dispatch the concerned goods or shipment directly to the buyer's actual destination.Hence,the seller's obligation is incomplete until the shipment subsequently reaches the buyer's destination.
For destination contract,at the point of delivery,the burden of risk and title associated with the condition and ownership of the specified shipment is passed onto the buyer and seller is not officially or legally liable regarding the same.