Which of the following statements is true about the assignment of risk under the UCC when the contract does not specify who bears the risk?
A) It automatically passes to the buyer.
B) It remains with the seller.
C) It passes to the party that has legal title to the goods when the damage occurs.
D) It passes to the party who is more likely to be insured against a loss.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true about the assignment of risk under the UCC when the contract does not specify who bears the risk?
A) It automatically passes to the buyer.
B) It remains with the seller.
C) It passes to the party that has legal title to the goods when the damage occurs.
D) It passes to the party who is more likely to be insured against a loss.

Which of the Following Statements Is True About the Assignment