Lou'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 contract where the seller ships goods to the buyer, and the buyer takes delivery from the carrier. This means that the seller is responsible for getting the goods to the carrier, but once the carrier takes custody of the goods, the buyer becomes responsible for them. In this scenario, Lou's Bicycle Store is contracting to buy the bicycles from Mountain Bikes, Inc., but it does not specify who is responsible for delivering the bicycles. Therefore, it is most likely a shipment contract.

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