Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller

Exercise 6

Goods Held by the Seller or Lessor. Douglas Singletary bought a manufactured home from Andy's Mobile Home and Land Sales. The contract stated that the buyer accepted the home "as is where is." Singletary paid the full price, and his crew began to ready the home to relocate it to his property. The night before the home was to be moved, however, it was destroyed by fire. Who suffered the loss? Explain. [Singletary, III v. P A Investments, Inc., 712 S.E.2d 681 (N.C.App. 2011)]