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Who is responsible for a lost package: the buyer or the seller?
In general, the seller is responsible for a lost package until it is delivered to the buyer. Once the package is delivered, the responsibility shifts to the buyer.
What is the difference between ex-works and FOB?
Exworks: The seller is responsible for the goods till the factory outlet and after outlet, the buyer is responsible for goods, customs till the buyer's door. FOB(Free on Board): The seller is responsible for the goods till the port of departure where customs will be be looked after by seller and after departure from the seller's port, the buyer is responsible for the goods till the buyer's door.
Is the seller responsible for a stolen package?
In most cases, the seller is not responsible for a stolen package once it has been delivered to the buyer's address. It is the buyer's responsibility to ensure the security of their delivered packages.
Is the seller responsible for a lost package?
In general, the seller is responsible for a lost package until it is delivered to the buyer. After delivery, responsibility may shift to the buyer or the shipping carrier, depending on the terms of the sale.
Can the car seller be held responsible for the car loan of the buyer?
ABSOLUTELY NOT
Is the buyer or seller responsible for title insurance?
Here in California, it is a matter of local custom. In Southern California, typically the seller agrees to purchase the owners policy for the buyer, the buyer supplies the title insurance for the lender. In Northern California, the buyer typically pays for both policies. It is, however, a matter that is covered in the contract between the seller and buyer and is negotiable, as is everything else. All closing costs can be negotiated as part of the sales contract. Who pays for title insurance varies from state to state based on local custom, but can be negotiated between the buyer and seller as part of the sales contract. There are no laws providing for either party to be required to pay. In the case where the seller has elected to pay title expenses, the buyer needs to make sure that the Lender has approved those fees to be paid by the seller. Some types of mortgages require that the buyer/borrower have a certain amount of funds available for the closing fees and may "cap" what fees can or cannot be paid by the seller in behalf of the buyer.
When buying a used car who is responsible for registering it for the first time?
The buyer is responsible. If you buy it from a dealer, most dealers offer to register it for you, but they are not required to.
When purchasing a home who is responsible for past due HOA fees - buyer or seller?
The seller should pay up to and including the day of closing.
Is the buyer or seller responsible for title insurance in Texas?
The seller is required to provided a clear title; purchasing title insurance is generally a part of this.
Who pays export tax the seller or buyer?
The seller. The seller is shipping it to the buyer, not vice versa.
What is a buyer and seller of goods called?
Buyer is a consumer Seller is a Distributor
Does the buyer or seller responsible for a smog test?
the seller is responsible to present the smog test paper while selling the car, the smog test paper is acceptable within the last 90 days.
