Which of the following describes the term "passage of risk"?
A) the period given to the seller to rectify nonconforming goods
B) a period during shipment when neither buyer nor seller bears the risk of loss
C) the period during which the seller is responsible for losses to the goods
D) the point in time when the buyer becomes responsible for losses to the goods
Correct Answer:
Verified
Q53: Which of the following is true of
Q54: Under the CISG, the fixing by the
Q55: Which of the following statements is true
Q56: Unlike the U.S. Uniform Commercial Code and
Q57: If a contract requires the seller to
Q59: _ is a remedy that allows a
Q60: Which of the following is necessitated once
Q61: Why are auction sales and sales "otherwise
Q62: How is the place for delivery decided
Q63: How are the general principles of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents