
Law for Business 10th Edition by James Barnes,Terry Dworkin,Eric Richards
Edition 10ISBN: 978-0073524931
Law for Business 10th Edition by James Barnes,Terry Dworkin,Eric Richards
Edition 10ISBN: 978-0073524931 Exercise 5
Legendary Homes, a home builder, purchased various appliances form Ron Mead T.V. Appliance, a retail merchant selling home appliances. They were intended to be installed in one of Legendary Homes' houses and were to be delivered on February 1. At 5 o'clock on that day, the appliances had not been delivered. Legendary Homes's employees closed the home and left. Sometime between 5 and 6:30, Ron Mead delivered the appliances. No one was at the home so the deliveryman put the appliances in the garage. During the night, someone stole the appliances. Legendary Homes denied it was responsible for the loss and refused to pay Ron Mead for the appliances. Ron Mead then brought suit for the purchase price. Did Legendary Homes have the risk of loss of the appliances?
Explanation
No. Under section 2-509 of the Code, ris...
Law for Business 10th Edition by James Barnes,Terry Dworkin,Eric Richards
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