Contract makes no mention of risk of loss


The Grand Hotel of Jonesville, Kentucky, purchased 200 chairs from Holton Furniture, whose business is in Minnesota. The purchase order included the following term: "F.O.B. Minneapolis, MN." The contract makes no mention of risk of loss or title. The contract can be described as a:

a. sale on approval.

b. destination contract.

c. sale or return..

d. shipment contract.

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Accounting Basics: Contract makes no mention of risk of loss
Reference No:- TGS046098

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