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What are the duties of the buyer in a contract of sales of goods?
acceptance
What are the duties and responsibility of product endorser?
the duties and the responsibility of product endorser is to make the target buyer to understand all about there particular product.
What duties does a buyer agent have to the seller in a real estate transaction?
A buyer agent has a duty to act in the best interests of the buyer, not the seller, in a real estate transaction. They must provide honest and fair representation to the buyer, disclose any relevant information, and negotiate on behalf of the buyer to secure the best deal possible.
What does ddf mean in shipping terms?
In shipping terms, "DDF" stands for "Delivered Duty Free." This indicates that the seller is responsible for delivering the goods to the buyer at a specified location, and all import duties and taxes have been paid or are excluded from the transaction. The buyer receives the goods without any additional costs for customs duties, simplifying the import process.
What does CIP DUP and DDU freight terms mean?
CIP (Carriage and Insurance Paid to) means the seller pays for transportation and insurance to a specified destination, transferring risk to the buyer once the goods are handed over to the carrier. DDP (Delivered Duty Paid) indicates that the seller takes on all responsibilities, including shipping and customs duties, delivering the goods ready for unloading at the buyer's location. DDU (Delivered Duty Unpaid) means the seller delivers the goods to the buyer's location but does not cover customs duties or taxes, leaving those responsibilities to the buyer.
Can a buyer sue the listing agent?
Yes, a buyer can sue the listing agent if they believe the agent has breached their duties or acted negligently in the real estate transaction. Buyers may have legal grounds to sue for misrepresentation, failure to disclose information, or other violations of the agent's fiduciary duties. It is important for buyers to consult with a legal professional to determine the best course of action.
Does CIF includes custom duty?
CIF, or Cost, Insurance, and Freight, is an Incoterm that includes the cost of goods, insurance, and freight charges to transport the goods to the destination port. However, CIF does not include customs duties or taxes, which are the responsibility of the buyer once the goods arrive at the destination. Therefore, while CIF covers certain costs, customs duties are separate and must be paid by the buyer upon importation.
What duties does a buyer agent have to the seller when representing them in a real estate transaction?
A buyer agent has a duty to act in the best interests of the seller, provide honest and accurate information, disclose any conflicts of interest, and negotiate on behalf of the seller to get the best possible deal in a real estate transaction.
Who pays import duty on FOB?
Import duty on a Free on Board (FOB) basis is typically paid by the buyer or importer of the goods once they arrive at the destination port. The seller's responsibility ends when the goods are loaded onto the vessel, thus transferring the obligation for duties and taxes to the buyer. Consequently, the buyer must factor in these costs when determining the total landed cost of the imported goods.
WHAT DOES DAP MEANS IN SHIPPING TERMS?
DAP = Delivered At Place. Part of Incoterms 2010, it means the shipper pays for freight, foreign port charges and delivery to final destination but the buyer pays for customs duties and taxes. It is similar to the previous term DDU (Deliver Duties Unpaid).
What are the different type of buyer?
need buyer excitement buyer like buyer prestige buyer
What are the rights and duties of unpaid seller?
An unpaid seller has the right to get paid and the right to bring suit against a buyer who will not pay. He may have the right to place a lien on the buyer's property. On the other hand, he has the responsibility to do or deliver what was promised (in the condition it was said to be in). If there was a written contract, it may spell out other specific responsibilities.
