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| to put the goods where the buyer can take control of them, and give the buyer notice that the goods are available. |
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| the person TO WHOM the property is entrusted in a bailment; the bailee has a fiduciary responsibility to take care of it. |
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| the person WHO ENTRUSTS property to another in a bailment |
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| a paper which states that the holder of the paper has the right to possession of the goods listed thereon; ex. a warehouse receipt |
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| a company engaged in a business for transporting goods for compensation |
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| the seller performs by handing over the goods to a common carrier. Performance is complete when given to the carrier. |
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| the seller performs by getting the goods to a place designated by the buyer. |
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| Free on Board; determination of shipping to know the seller's and the buyer's responsibilities under the contract. |
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| place of origin; once the seller brings the goods to the carrier he has performed and the carrier/buyer is responsible for the goods. Buyer assumes risk of loss. |
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| the seller is responsible for the goods until it gets to its destination. Seller assumes risk of loss. |
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an order in writing by one party to a bank to pay a sum of money to a third party;
if parties agree the payment is by draft meaning A CHECK; |
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| a written promise by the bank that it will honor drafts upon it by a specified customer. |
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| the buyer purchases goods with the understanding that they can be returned. |
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| consignment contract type situations; purchasers obtain goods for a resale and can return the unsold goods with no legal ramifications (no breach). Payment is usually after the sale. |
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| once the auctioneer calls for bids the items cannot be withdrawn (offer is out) unless there is no bid. |
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| auctioneer may withdraw the goods at any time prior to the completion of the sale. |
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