Under the Sales Article of the UCC and the United Nations Convention for the International Sale of Goods (CISG), absent specific terms in an international sales shipment contract, when will risk of loss pass to the buyer?
a. When the goods are delivered to the first carrier for transmission to the buyer.
b. When the goods are tendered to the buyer.
c. At the conclusion of the execution of the contract.
d. At the time the goods are identified to the contract.
Answer: A
Tax
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- Income in respect of a cash-basis decedent
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- Daniel Kelly received interest income from the following sources during the current year - New York Port Authority Bonds : $1,000 - Puerto Rico Commonwealth bonds : $1,800 What portion of such interest is tax exempt?
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