Oracle Exam 1Z0-1073-24 Topic 8 Question 1 Discussion

Actual exam question for Oracle's 1Z0-1073-24 exam

Question #: 1
Topic #: 8

Your supplier is using the Supplier Portal and sends you an Advance Shipment Notice (ASN) whenever they ship goods. You have already created a consignment agreement with this supplier with the following consignment terms:

Aging Onset Point: Shipment

* Aging Period Days:3 Consumption Advice Frequency: Daily

* Consumption Advice Summary: All Organizations

For some reason, it took five days for the goods to arrive, and you have noticed that the goods are damaged. You have now decided to send them back.

At that point, when you return the goods, who is the owner of the goods?

AThe goods are still under the supplier's ownership.

BThe goods are under the buyer's ownership.

CThe goods are under nobody's ownership because they were damaged in transit.

DThe goods are under third-party ownership who is the shipping service provider.

Show Suggested Answer

Suggested Answer: B

by Loreta at Mar 08, 2025, 12:43 AM

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Theodora

2 months ago

Ah, the joys of consignment agreements. I bet the shipping company is having a field day with this one. My money's on A, though. Can't beat those clear-cut consignment terms!

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Tamesha

25 days ago

D) The goods are under third-party ownership who is the shipping service provider.

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Han

1 months ago

C) The goods are under nobody's ownership because they were damaged in transit.

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Christiane

2 months ago

B) The goods are under the buyer's ownership.

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Samuel

2 months ago

A) The goods are still under the supplier's ownership.

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Belen

3 months ago

I think the goods might be under nobody's ownership if they are damaged in transit.

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Cherry

3 months ago

B, without a doubt. The goods were damaged in transit, so the buyer should be the owner now. Time to get a refund!

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Danica

3 months ago

I see your point, Pauline. Maybe the ownership changes when the goods are damaged.

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Della

3 months ago

D, for sure! The shipping service provider must be responsible for the damaged goods. That's how it works, right?

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Lou

3 months ago

Hmm, this is a tricky one. I'm torn between A and B, but I'll go with A. The consignment terms clearly state the aging onset is at shipment, so the goods are still the supplier's responsibility.

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Pauline

3 months ago

But what if the goods are damaged? Shouldn't the buyer own them then?

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Marleen

3 months ago

I think the answer is A. Since the consignment agreement specifies the aging onset point as 'Shipment', the goods are still under the supplier's ownership until they are consumed by the buyer.

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