Asked by Sayuri Yamane on May 07, 2024
Verified
Which of the following is true regarding types of common-carrier delivery contracts?
A) Common-carrier delivery contracts include origin and shipment contracts, but not destination or transfer contracts.
B) Common-carrier delivery contracts include destination contracts, but not origin, transfer, or shipment contracts.
C) Common-carrier delivery contracts include transfer contracts, but not origin, shipment, or destination contracts.
D) Common-carrier delivery contracts include origin and transfer contracts, but not destination contracts.
E) Common-carrier delivery contracts include origin and destination contracts, but not transfer contracts.
Common-Carrier Delivery Contracts
Agreements between an individual or company and a carrier, regulated by government agencies, concerning the transport of goods or passengers for a fee.
Destination Contracts
Contracts specifying that the seller will bear the risk and expense until the goods are delivered to a specific location.
Shipment Contracts
Agreements involving the sale of goods where the seller is required to ship the goods to the buyer, but the risk of loss passes to the buyer once the goods are delivered to the carrier.
- Differentiate among various kinds of sales agreements as specified by the Uniform Commercial Code.
Verified Answer
CN
Caitlyn N. GuzmanMay 11, 2024
Final Answer :
E
Explanation :
Common-carrier delivery contracts typically include origin and destination contracts, which specify where the responsibility for the goods transfers from the seller to the buyer. Origin contracts mean the buyer takes responsibility at the seller's location, while destination contracts mean the seller is responsible until the goods reach the buyer's specified location. Transfer contracts are not a standard category in this context.
Learning Objectives
- Differentiate among various kinds of sales agreements as specified by the Uniform Commercial Code.