Author Question: If the terms of purchase are FOB destination, title to the goods passes from the vendor to the buyer ... (Read 101 times)

hbsimmons88 · **on:** Jul 5, 2018

If the terms of purchase are FOB destination, title to the goods passes from the vendor to the buyer ________.

A) when the merchandise leaves the vendor's warehouse
B) halfway between the vendor's warehouse and the buyer's warehouse
C) when the merchandise reaches the buyer's warehouse
D) when the merchandise is sold to the end user

Question 2

____________________ are checks that have been issued during the period, but have not been presented to the bank for payment before the bank statement is prepared.
Fill in the blank(s) with correct word