Which of the following would be included in a contract to assign costs and responsibilities be-tween buyer and seller when products are delivered?

Which of the following would be included in a contract to assign costs and responsibilities be-tween buyer and seller when products are delivered?
A . Indemnity
B. Liquidated Damages
C. Liability
D. Incoterms

View Answer

Answer: D

Explanation:

Incoterms assign costs and responsibilities about when products are delivered. See p. 37 for a full list of the different Incoterms. You don’t need to know all Incoterms for the exam, but it’s a good idea to know what they are and why they’d be put into a contract