Asked by
Nikhil Rakheja
on Nov 27, 2024Verified
Generally, all contracts are assumed to be destination contracts if nothing to the contrary is stated in the contract.
Destination Contracts
Agreements where the seller is responsible for delivering goods to a specific place, and risk of loss does not pass to the buyer until the goods reach that location.
- Become familiar with how shipment and destination contracts differ and the resulting implications for loss risk.
Verified Answer
JB
Learning Objectives
- Become familiar with how shipment and destination contracts differ and the resulting implications for loss risk.