Comment on the following problem: "Seller contracts to sell 1,000 gizmos to the buyer for $3,000. The contract terms are F.O.B. buyer's place of business."

a. What kind of contract is this.

b. What kind of shipment does this contract require?

c. When are the goods to be delivered?

d. Where are the goods to be delivered?

e. Who pays the expenses of the freight?

f. When/where is payment due?