Multiple Choice
Which of the following occurs in a CIF agreement?
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 in possession of a carrier before the risk passes to the buyer.
Correct Answer:
Verified
Correct Answer:
Verified
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