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

Actual exam question for Oracle's 1Z0-1073-24 exam
Question #: 1
Topic #: 8
[All 1Z0-1073-24 Questions]

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?

Show Suggested Answer Hide Answer
Suggested Answer: B

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

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Theodora
8 hours 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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Belen
1 days ago
I think the goods might be under nobody's ownership if they are damaged in transit.
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Cherry
1 days 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
2 days ago
I see your point, Pauline. Maybe the ownership changes when the goods are damaged.
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Della
2 days 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 days 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 days ago
But what if the goods are damaged? Shouldn't the buyer own them then?
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Marleen
4 days 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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Belen
4 days ago
I agree with Danica, the supplier should still own the goods.
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Danica
5 days ago
I think the goods are still under the supplier's ownership.
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