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.

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,

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