If a lessor is a merchant who is holding the goods for the buyer to pick up, the risk of loss passes to a lessee when the lessee takes physical possession of the goods.

Question

Quizplus · Accepted Answer

In a lease agreement, the risk of loss typically passes to the lessee when they take physical possession of the goods, as the lessee assumes responsibility for the goods at that point.

If a Lessor Is a Merchant Who Is Holding the Goods