QID: #7276

Subject: Finance Status: Verified Solution Available
Jumping Jeff’s Trampolines, in Nashville, contracted with Bouncing Betty’s Toys to ship 50 trampolines to Bouncing Betty’s retail store in Miami to be dropped off at her store’s loading dock. If the truck carrying the trampolines is destroyed in a fire on the way from Jumping Jeff’s to Bouncing Betty’s, exactly 75% of the way through the trip, who bears the risk of loss if goods are to be shipped FOB Miami loading dock? a)Bouncing Betty’s bears the risk of loss. b)Jumping Jeff’s bears 25% of the risk of loss and Bouncing Betty’s bear 75% of the risk of loss. c)Both Jumping Jeff’s and Bouncing Betty’s bear the risk of loss equally. d)Jumping Jeff’s bears the risk of loss.
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