Richardson Auto Dealer agrees to ship ten semitrucks to Wils
Richardson Auto Dealer agrees to ship ten semi-trucks to Wilson’s Used Auto Sales. They agree on FOB destination point. Sadly, while the trucks are on the way, an accident occurs and they are totaled. Which party bears the loss?
Solution
Answer)
In FOB destination point, the seller bears the risk of loss until the goods reached the destination point specified by the buyer.
Hence,Richardson auto dealer must bear the loss.
