Lewey's Bicycle Store contracts to buy fifty bicycles from Mountain Bikes,Inc.Unless the contract states otherwise,this is
A)a bill of lading.
B)a destination contract.
C)a shipment contract.
D)a warehouse receipt.

Question

Quizplus · Accepted Answer

A shipment contract is a type of contract that obligates the seller to ship the goods to the buyer, but it does not require the seller to deliver the goods to a specific destination. The buyer assumes the risk of loss once the goods are delivered to a carrier for shipment. Therefore, unless the contract states otherwise, the purchase of fifty bicycles from Mountain Bikes, Inc. would be a shipment contract.

Lewey's Bicycle Store Contracts to Buy Fifty Bicycles from Mountain