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Net 10, net 15, net 30 and net 60 (often hyphenated "net-" and/or followed by "days", e.g., "net 10 days") are payment terms for trade credit, which specify that the net amount (the total outstanding on the invoice) is expected to be paid in full by the buyer within 10, 15, 30 or 60 days of the date when the goods are dispatched or the service ...
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There appears to have been an assumption that property and risk would pass from the seller to the buyer at the same time. In the case of Browne v Hare , settled in the Court of Exchequer Chamber in 1858, it was noted that a shipper's attempt to reserve title after shipment would have constituted a breach of the contract's f.o.b. terms:
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 December 2024. Entrepreneur, philanthropist, and founder of eBay (born 1967) Pierre Omidyar Omidyar in 2007 Born Parviz Morad Omidyar (1967-06-21) June 21, 1967 (age 57) Paris, France Citizenship Iran France United States Education University of California, Berkeley (BS) Occupation(s) Founder of eBay ...
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How to avoid it: Only accept/send money through payment methods you trust. When in doubt, turn to PayPal or a credit card. This way, should the worst happen, you have both recourse and peace of mind.
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