Asked by
Daniela Avalos
on Nov 27, 2024
Verified
In a shipment contract, the seller is required to deliver the goods to a particular destination.
Shipment Contract
A contract in which the seller is required to ship the goods by carrier. The buyer assumes liability for any losses or damage to the goods after they are delivered to the carrier. Generally, a contract is assumed to be a shipment contract if nothing to the contrary is stated in the contract.
Destination
The place to which someone or something is going or being sent.
- Comprehend the distinction between shipment and destination contracts and their impact on the risk of loss.
Verified Answer
MM
Learning Objectives
- Comprehend the distinction between shipment and destination contracts and their impact on the risk of loss.
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