Classify the following as FOB shipping point or FOB destination point. Inventory details Type If the

Classify the following as FOB shipping point or FOB destination point.

Inventory details

Type

If the inventory becomes damaged in transit, it is the buyer’s responsibility.

The seller agrees to pay the cost of shipping merchandise to the buyer.

Title of ownership of the inventory remains in the seller’s possession until the inventory has reached the buyer’s intended destination.

The buyer is immediately liable for the inventory.

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