Assume Platina is a shoe store in Texas and it enters into a contract with Tans Corp., a leather-goods manufacturer in Alabama, to deliver goods FOB (free on board) Alabama. The goods are shipped in a vessel named Leah. Assuming this scenario, _________.Multiple choice question.Tans Corp. must deliver the goods alongside Leah.Tans Corp. must include the cost of shipping in the price of the goods.Tans Corp. must bear responsibility to deliver the goods to Texas.Tans Corp. must deliver the goods at its expense to a carrier in Alabama

In which of the following arrangements does freight become the expense of the buyer?Group of answer choicesFOB shipping point, collectFreight cost is always the expense of the sellerFOB destination, prepaidFOB destination, collect

If a buyer purchases substitute goods due to the seller's refusal to deliver the contracted goods, she can recover _________.Multiple choice question.separately the contract price and the cost price of the substituted goodstwice the cost price of the substitute goods from the sellerthe difference between the contract price and the cost of the substitute goods from the sellertwice the contract price from the seller

A seller is not obligated to try to resell the goods to someone else other than the intended buyer if she __________.Multiple choice question.tries to resell them without allotting the buyer's benefitsintends to use them for personal usesets aside goods intended for the contractfails to complete the manufacture of such goods

Select all that applyThe buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show your understanding of freight terms by selecting all of the correct statements below.Multiple select question.Terms FOB destination means that the seller is responsible for shipping costs.When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.When the shipping costs are the responsibility of the seller, then the Merchandise Inventory account is debited.Terms FOB shipping point means the seller of the goods is responsible for freight charges.

After learning upon a buyer's insolvency, in order to stop delivery of goods a seller must ________.Multiple choice question.obtain a stop-delivery order from the buyer who is insolventnotify the carrier or other bailee in time for the bailee to prevent delivery of the goodsinsist a nonnegotiable document of title from the bailee of the goodscomplete manufacture of unfinished goods and identify them as to the contract