In a destination contract who bears the risk of loss while the goods are in transit?
A)The loss is proportioned 50% to the buyer and 50% to the seller
B)The loss is proportioned 75% to the buyer and 25% to the seller
C)The buyer
D)The seller
E)The loss is proportioned 25% to the buyer and 75% to the seller

Question

Quizplus · Accepted Answer

A)Destination contracts require that the seller deliver the goods to the destination
stipulated in the sales contract.This may be the buyer's place of business or some other location.The seller bears the risk of loss until that time.
B)Destination contracts require that the seller deliver the goods to the destination stipulated in the sales contract.This may be the buyer's place of business or some other location.The seller bears the risk of loss until that time.
C)Destination contracts require that the seller deliver the goods to the destination stipulated in the sales contract.This may be the buyer's place of business or some other location.The seller bears the risk of loss until that time.
D)Destination contracts require that the seller deliver the goods to the destination stipulated in the sales contract.This may be the buyer's place of business or some other location.The seller bears the risk of loss until that time.
E)Destination contracts require that the seller deliver the goods to the destination stipulated in the sales contract.This may be the buyer's place of business or some other location.The seller bears the risk of loss until that time.

In a Destination Contract Who Bears the Risk of Loss