Question
If goods in transit are shipped FOB shipping point by a carrier named by the buyer, the seller has legal title to the goods
If goods in transit are shipped FOB shipping point by a carrier named by the buyer, the seller has legal title to the goods until they are delivered. the buyer has legal title to the goods when a public carrier accepts the goods from the seller. the seller is responsible for paying the shipping charges. Ono one has legal title to the goods until they are delivered.
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
5th edition
73527076, 978-0077386214, 77386213, 978-0073527079
