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Which Statement Is Correct Regarding CIF Agreements

Question 78

Multiple Choice

Which statement is correct regarding CIF agreements?


A) Risk of loss occurs when goods are identified to the contract.
B) Risk of loss occurs when the goods are delivered to the buyer.
C) Risk of loss remains with the seller for 5 days after the sale.
D) Risk of loss remains with the seller for 5 days before the sale.
E) The seller puts the goods into the possession of a carrier before the risk passes to the buyer.

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