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Binod Aryal
on Nov 30, 2024

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Under a shipment contract, title passes to the buyer at a time and place the seller contracts with the carrier to ship the goods.

Shipment Contract

An agreement between a seller and buyer where the seller is obligated to ship the goods and the buyer is obligated to accept and pay for them, under specified terms.

Title Passes

The transfer of ownership of property from one party to another, typically upon satisfaction of specified conditions.

Buyer

An individual or entity that purchases goods or services from another in a commercial transaction.

  • Distinguish between shipment and destination contracts.
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Faith KadiroNov 30, 2024
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