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What type of contract would that be

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Problem: The seller is in New York and the buyer is in Philadelphia. The 3rd party carrier shipping contract reads F. O. B. , Philadelphia. What type of contract is this and who bears the risk of loss and if it read F.O.B., New York? What type of contract would that be and who would bear the risk of loss? Please deliver the complete solution of this problem.

Reference no: EM132425851

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