Paul Christensen wrote:
> ... I have
> begun to use the term "F.O.B. - Jacksonville" in my offers to sell
> equipment. Under the U.C.C. (Uniform Commercial Code), a contract is formed
> for the sale of goods based on the purchaser's acceptance of the offer,
> exactly on my terms. F.O.B. (Free on Board) means much more than who pays
> the freight: By stating this term in your offer to sell, it puts the
> purchaser on notice that OWNERSHIP of the goods transfers from the seller to
> the purchaser at the point of shipment. Any loss of value or subsequent
> liability transfers to the purchaser immediately upon the shipper's
> acceptance to make delivery.
Actually, I've understood the term to mean "Freight On Board".
Dave Heil K8MN
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