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A seller quoting his goods loco price means that

Commerce
WAEC 2005
A seller quoting his goods loco price means that
  • A. all charges are borne by the seller
  • B. all charges are borne by the buyer
  • C. the seller pays carriage as far as the buyers warehouse
  • D. the price includes cost, insurance and freight
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Correct Answer: Option D
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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