If a lessor is a merchant,the risk of loss passes to a lessee on the lessee's receipt of the goods.

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), if the lessor is a merchant, the risk of loss passes to the lessee upon receipt of the goods. This means that if the goods are damaged or lost during transport or after delivery, the lessee is responsible for the loss unless they have insurance or can prove that the lessor was negligent.

If a Lessor Is a Merchant,the Risk of Loss Passes