EverSafe Corporation in New York sells a truckload of protective suits, masks, and other safety gear to Foundry Inc. in Connecticut, "F.O.B. New York." EverSafe arranges with Geo Truckline to transport the goods. The cost of the transport will be paid by
A)EverSafe.
B)Foundry.
C)Geo.
D)all businesses through an increase in the prices of safety gear.

Question

Quizplus · Accepted Answer

"F.O.B. New York" means that the seller (EverSafe) is responsible for the cost of loading and transporting the goods to the carrier in New York. After the goods are loaded onto the carrier, the risk of loss passes to the buyer (Foundry), but the transportation cost is still the responsibility of the seller (EverSafe).

EverSafe Corporation in New York Sells a Truckload of Protective