Legal Dictionary of Pakistan

shipment contract

A contract in which a seller bears the risk of damage to the items sold only until they are brought to the place of shipment. ( If a contract for the sale of goods does not address the terms of delivery, it is presumed to be a shipment contract. UCC §§ 2-319, 2-504, 2-509. Cf. destination contract."A severable contract ... is one the consideration of which is, by its terms, susceptible of apportionment on either side, so as to correspond to the unascertained consideration on the other side, as a contract to pay a person the worth of his services so long as he will do certain work; or to give a certain price for every bushel of so much corn as corresponds to a sample." Ivan Horniman, Wharton's Law Lexicon 215 (13th ed. 1925).