It is important to know when property passes because risk of loss of damage is with the owner.

Name: It is important to know when property passes because risk of loss of damage is with the owner.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

If the property has passed to the buyer, then the buyer is responsible for any loss or damage to the property. Until then, the seller bears the risk. Therefore, it is important to know when property passes to determine who is responsible for any loss or damage.

It Is Important to Know When Property Passes Because Risk