Roberta receives a document of title for lumber she purchased.Even though she does not yet possess the lumber,the document transfers to her both title to the lumber and risk of loss for it.

Question

Quizplus · Accepted Answer

A document of title, such as a bill of lading, serves as proof of ownership and transfer of title for goods, including lumber. Therefore, upon receiving the document, Roberta becomes the owner of the lumber and assumes the risk of loss, even if she does not physically possess the lumber yet.

Roberta Receives a Document of Title for Lumber She Purchased