Mitchell buys 100 bales of hay from New Grain Fields.The parties agree that the hay will be transported "F.O.B.New Grain Fields" via Farm County Trucking Company.Farm County's truck and the hay are lost in a fire following an accident.The loss is suffered by
A)Mitchell.
B)New Grain Fields.
C)Farm County Trucking.
D)all of the parties as tenants in common in equal measure.

Question

Quizplus · Accepted Answer

As per the agreement, the hay was being transported F.O.B(New Grain Fields), which means the buyer, Mitchell, would bear the risk of loss once the hay left New Grain Fields' possession. Therefore, Mitchell would suffer the loss of the hay due to the fire, and New Grain Fields would not be responsible for it. The loss would not be suffered by Farm County Trucking as they were engaged in the transportation of the hay and not the owner. The option D is also incorrect as the parties did not hold the ownership of hay in common.

Mitchell Buys 100 Bales of Hay from New Grain Fields