What is the essential element in determining who bears the risk of loss of goods?
A)The party producing the goods bears the risk of loss.
B)Risk of loss follows the cash in a transaction.
C)Contracts attempting to shift the risk of loss are void due to illegality.
D)The party with control over the goods bears the risk of loss.

Question

Quizplus · Accepted Answer

The risk of loss typically falls on the party who has control over the goods. This principle allows for a clear determination of responsibility in the event that goods are damaged or lost, based on who had possession or control at the time of the loss.

What Is the Essential Element in Determining Who Bears the Risk