MLchartDataset catalogue

Destination contract

Term · Law · MLC-T-LAW-001596

A type of sales contract where the seller is required to deliver goods to a specific location, typically the buyer's place of business or residence. Under this agreement, the risk of loss for the goods remains with the seller until they are properly tendered at the designated destination. This contrasts with a shipment contract, where risk of loss transfers upon delivery to the carrier.

Table 1. Record
IdentifierMLC-T-LAW-001596
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001596",
  "term": "Destination contract",
  "field": "Law",
  "definition": "A type of sales contract where the seller is required to deliver goods to a specific location, typically the buyer's place of business or residence. Under this agreement, the risk of loss for the goods remains with the seller until they are properly tendered at the designated destination. This contrasts with a shipment contract, where risk of loss transfers upon delivery to the carrier.",
  "url": "https://mlchart.com/terminology/law/destination-contract/"
}

Record 1,465 of 5,441 in Law terminology (MLC-0107). Request the full dataset.